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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 > Jun 13 Estimated Common NAV @ 11.48, Premium @ 18.5%
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Comment by kurtwalteron Jun 13, 2022 9:38pm
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Post# 34753912

RE:RE:Jun 13 Estimated Common NAV @ 11.48, Premium @ 18.5%

RE:RE:Jun 13 Estimated Common NAV @ 11.48, Premium @ 18.5%I suppose any premium can be justified by the 15% yield.
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