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.

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Canadian Banc Corp > BK UNIT NAV to June 28 th = approx; $19.92

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Comment by mousermanon Jul 03, 2024 6:26pm

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Post# 36117261

RE:BK UNIT NAV to June 28 th = approx; $19.92

Quadravest reported the UNIT NAV @ $19.71 after distributions.
My last few estimates were wrong as i didnt input the NAV after distributions. Todays UNIT NAV would be almost exactly $20.. after dsitributions as BK has gained 29 cents since JUNE 28th.
Premium would be closer to 73 cents or about 7.3%

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