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Canadian Banc Corp T.BK

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

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

Post by mousermanon Apr 20, 2022 8:53am
138 Views
Post# 34615812

Quadravest updates NAVs BK @ $23.16 UNIT NAV to April 14

Quadravest updates NAVs BK @ $23.16 UNIT NAV to April 14So my spreadsheet has BK gaining about 25 cents since the April 14 update, and that puts the commons value at $13.41 before distributions.
Premium is about 1.30 or so and is almost exactly 10 % after  distributions are taken.
Not a bad % at all considering the safety and high yield, now over 15% at current monthly  distributions being paid. (18.89 cents per  common share)
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