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 April 4 = approx: $20.24

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Comment by Toppicks1on May 03, 2024 11:01am

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RE:BK unit nav to April 4 = approx: $20.24

mouserman wrote: BK unit nav has lost about 25 cents since the update March 28. Common now have a value of about $10.24 today ...last trade at 10.63 leaves them trading at a bit of premium , which is rare these days.
General market direction is down, and higher for longer is negative mood is kicking in. Really the market has been overbought on hopes of multiple interest rate cuts, in both the US and Canada. The likelihood of one coming from the BOC in JUNE took a shot today as the Trade surplus was amazingly high, but the main driver was gold sales..... at any rate it looks to me like a correction is starting.
And THAT is not surprising to me at all.

This is the correction that hasn't happened.

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