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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Comment by flamingogoldon May 15, 2024 10:47am

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Post# 36041080

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

A rare anomaly in the history of BK distributions. Anyone holding for the last 15 years has done well here. Unlike many splits which degrade over tie, BK has a steady chart of higher lows and higher highs.

mouserman wrote: I owned BK in 2020 and it didnt pay even tho it was above the 15$ threshhold on the 15th of the month. Remember it quite clearly... That would never happen with DFN... It did not pay in April for the month of March, when the clear message was being sent via fearporn, that the world was ending due to covid.

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