Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

Financial Services Asset Management

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 AUg 21 =about $19.44

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Post by mousermanon Aug 21, 2023 8:27pm

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Post# 35599013

BK UNIT NAV to AUg 21 =about $19.44

BK has lost about 26 cents of the UNIT NAV since the 15th, almost the same amount as FTN , however FTN % loss would be bigger because of much lower UNIT NAV. BK commons closed at $12.75 so the premium on the commons is now $3.31 or about 35%.

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