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 May 10 = approx: $20.35

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Post by mousermanon May 10, 2024 4:42pm

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Post# 36034466

BK unit nav to May 10 = approx: $20.35

Spreadsheet now showing a gain of about 51 cents since the April 30 update. Last trade @ $10.90 means the premium is about 55 cents . Gain since April 30th is just a bit less than FTN ( 53cents) , and about 7 cents less than FFN ( 58 cents).
Much bigger % in US holdings in those 2 ..and BOTH trade @ a discount with a higher yield.

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