Canadian Banc Corp T.BK

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

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 March 18= approx: $24.81

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Post by mousermanon Mar 19, 2022 9:42am

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Post# 34527642

BK unit nav to March 18= approx: $24.81

A nice rebound in financials helped BK bounce back and gained 47 cents in UNIT NAV from march 15...
Commons now have a value of $14.81 and are trading at a premium of 37 cents or about 2.5%.
Very good value imo here, altho i am not convinced banks are headed higher in a big way. Still even in a sideways market BK will do well paying 15% to commons.

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