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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 > BK unit NAV to Feb 28 = approx: $24.65 before dist
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Comment by mousermanon Mar 02, 2022 5:32pm
139 Views
Post# 34476891

RE:RE:BK unit NAV to Feb 28 = approx: $24.65 before dist

RE:RE:BK unit NAV to Feb 28 = approx: $24.65 before distQuadravest updated today and it came in at $24.77 before dist , so i suspect they kept a large cash position after the last offering, done at a much higher price. This helps preserve a higher NAV.
After distribution the NAV is $14.54 to FEb 28th... and i suspect will be lower after the last few days.
Will know more at monthend when the cash position to FEB 28 is revealed.
Mickey2 wrote: 18.64  i'll take it...thx for the quick calcs.



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