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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
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Post by mousermanon Oct 19, 2023 5:21pm
209 Views
Post# 35691872

BK unit nav to Oct 19 = approx: $18.38

BK unit nav to Oct 19 = approx: $18.38So commons now with a value of $8.38 before distributions are factored in. BK traded last @ $9.87 so a premium of about $1.49 or approx: a premium of  17.7 %.
Only LBS with a higher premium out there in the paying splits.
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