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Canadian Banc Corp T.BK

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

Financial Services Asset Management
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
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Post by mousermanon Oct 28, 2022 4:58pm
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Post# 35056923

Bk unit Nav to Oct 28 =$20.92 before dist

Bk unit Nav to Oct 28 =$20.92 before distholidaying  in Guadalajara so no spreadsheets along with me. Did up FTN by hand ,so most of the work was done for me in that spreadsheet. BK commons closed the day @$13.07
BK common shares have a value of  about $10.69 after distributions, and so that premium now would be $2.38. It works out to a 22.2% premium.
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