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 reported by Qudrvst to AUG 31 @ $19.22

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Comment by mousermanon Sep 07, 2023 12:06pm

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RE:RE:BK unit nav reported by Qudrvst to AUG 31 @ $19.22

Yes those have an effect on keeping BK up at a healthy premium, but if shortsellers can get shares ... it probably would dive worse than it has. Apparently very hard to find shares to borrow in BK.

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