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 24 = approx: $24.44

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Post by mousermanon Mar 24, 2022 10:14pm

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Post# 34543958

BK unit nav to March 24 = approx: $24.44

So only a 10 cent gain showing on my spreadsheet since March 15 update.
BK commons now valued at $14.44, trading at a 60 cent premium , which is only 4.15%
Safe , good paying fund, if you believe banks will gyrate around these levels for a while yet...

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