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

<< Previous

Bullboard Posts

Next >>

Comment by flamingogoldon May 10, 2024 6:06pm

125 Views

Post# 36034621

RE:RE:BK unit nav to May 10 = approx: $20.35

The only exception has been the 2009 crash for e few months and 1 month during the worst of covid. Not a bad track record for those who prefer safety but don't want a GIC or money market fund.

flamingogold wrote: Excluding the prefs, FFN and FTN don't always pay. BK always pays.... always. That assurance is worth a premium for some.

mouserman wrote: 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.