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 AUG 9 = approx: $21.05

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Comment by mousermanon Aug 09, 2022 10:59pm

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RE:RE:BK unit NAV to AUG 9 = approx: $21.05

My investment in FTN is purely because it has the lowest premium of the safer funds with better than 15% payout. Bk I also own And the premium there is deserved , as it has much more safety , but a much higher concentration of NAV in Canada's big 6 banks. Ftn actually more diversified as it has lifecos as well as big 6 CAD banks and mix of the biggest USBanks.

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