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

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Post by mousermanon Aug 23, 2023 7:47pm

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Post# 35602913

BK unit nav to Aug 23 =approx: $19.41

Spreadsheet showing a loss of 29 cents since the midmonth update.
Last sale at 12.89 means the premium is $3.48 before distributions. COmmons would have a value of 9.18 after distributions are dished out. Premium after dist. then would be approx: 40.4%. highest of any of the splits i follow.

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