Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

Financial Services Asset Management

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 24 = approx: $20.53

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Comment by NoShoesNoShirton May 25, 2024 9:43am

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Post# 36057178

RE:RE:BK unit nav to May 24 = approx: $20.53

It's going to be Christmas in June when rates are cut. And again and again, then the American rates get cut. ONGOING BOOM FOR ALL FINANCIAL SPLITS

flamingogold wrote: If interest rates in Canada drop in 8 trading days, which is very likely, the rising premium is validated.

mouserman wrote: So spreadsheet is saying BK unit nav went up by 2.4 cents since MAY15....
Premium growing.