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 Jan 10 = $20.60

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Comment by Islesfanon Jan 10, 2023 4:48pm

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Post# 35214376

RE:BK unit nav to Jan 10 = $20.60

Hi mouserman,

I'm new to split corp stocks and new to investing in general. Just wondering what these numbers mean. I see the great monthly dividend but know sometimes it may not be paid out depending on the NAV? Any guidance appreciated.

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