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 FEB 28 = approx: $21.18 before distributions.

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Comment by waltertorontoon Mar 01, 2023 4:08pm

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RE:RE:BK unit nav to FEB 28 = approx: $21.18 before distributions.

BK dropped quite a few percent over the last few days, maybe because the banks' earnings were not very good and they dropped up to 4 or 5%. Whether you want to hold depends on whether you are hoping for capital gains or dividends. BK's dividend seems to be safe but its share price sucks. However, I expect the banks will recover over the next 3-6 months. In the meantime, if you are looking for capital gains AND dividends, LCS may be a better bet. Life insurance companies are doing better than banks.

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