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 13 = approx: $21.03

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Comment by lsrasron Jan 13, 2023 5:04pm

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RE:BK unit nav to Jan 13 = approx: $21.03

thanks mouserman. BK looks like the best buy of the split share funds. the safest margin over the $5 NAV requirement for the commons, a 15% annual yield and not too terrible a premium of share price over NAV. And if JPM qtrly results are an indication, the CDN banks should have good results when they announce their quarterlies end of February which should help the BK share price.

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