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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
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Post by mousermanon Mar 30, 2023 4:51pm
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Post# 35370358

BK unit nav to March 30 = approx: $20.10

BK unit nav to March 30 = approx: $20.10So BK showing a gain of about 11 cents since  the midmonth update.  SO commons are no valued at about $10.10 BEFORE distributions. After distributions of 24 cents , they would  have a value of $9.86
 The premium getting big @ $3.33 or about 33.75%
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