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 June 09 = approx: $20.67

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Post by mousermanon Jun 09, 2023 5:24pm

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Post# 35489348

BK unit NAV to June 09 = approx: $20.67

So after updating the cash position, and guessing where the managers cut the % i came up with a 29 cent gain since May 31.... value of the commons after distributions is about $10.67 or approx: 22 %.
Definitely one of the better, safer buys in the split fund space.
Next distribution will be a bit lower than the last one paid today to BK commons (.16575) , with the average price of 13.054 for the last 3 trading days of MAY. Works out to .163175 per share . So very close to exactly 15% at todays last trade.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?