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 23 = $19.24 before distributions

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jun 23, 2023 6:18pm

350 Views

Post# 35512251

BK unit nav to June 23 = $19.24 before distributions

So showed a loss of 64 cents since the update last week.... big pullback in financials .
Premium has climbed up to $3.92 with the last sale @ $13.16.
Real value of the commons before distributions is $9.24, and after distributions would be $9.01
So premium at that level after distributions would be 44.9 % or so. Getting very rich.
BK 's big distributions can take the NAV down quickly in a down market.

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec