Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

Financial Services Asset Management

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.

TSX:BK - Post by User

Canadian Banc Corp

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Post by mousermanon Feb 15, 2022 8:53pm

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Post# 34432237

Premium was small for offering , maybe level up share amount

I am wondering if this was done in part to level up the difference between the commons held and the preferreds. I dont know if BK had a At the Market program going tho...
FFN 's last offering:

North American Financial 15 Split Corp (2)
Symbol	FFN
Shares Issued	37,322,263
Close 2022-01-26	C$ 7.57
Recent Sedar Documents View Original Document

N.A. Financial 15 Split to list more shares Jan. 28

2022-01-26 18:12 ET - Prospectus Approved

The Toronto Stock Exchange reports that North American Financial 15 Split Corp. will list up to an additional 4,364,000 Class A shares and 5,364,000 preferred shares at the open on Jan. 28, 2022.

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