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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

Post by mousermanon Jun 11, 2024 8:07am
155 Views
Post# 36082316

BK unit nav to June 10 =arrpox: $20.34

BK unit nav to June 10 =arrpox: $20.34Spreadsheet is showing a loss of about 18 cents in the unit nav, as only NA is showing a slight gain since May 3st of the big 6 CAD banks. Of the minor holdings only BAC and GS squeaked out a minor gain.. BAC went ex divvy in early JUNE. Most of that was actually due to the jump in the USD vs CAD in june.  Quadravest  appeared to increase the 5 minor  US holdings to near 20% as a group.
BK commons have a value of about $10.34 here , and they trade at a premium of  64 cents with the last trade @ $10.98.. plenty of safety cushion here.
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