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 AUg 12 = approx; $19.89

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Comment by deisman03on Aug 13, 2024 12:26am

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Post# 36175831

RE:BK UNIT NAV to AUg 12 = approx; $19.89

With everything happening right now, in country and out of country, NAV is illusory at any given moment of the trading day.

This is just IMHO of course.

TD and Scotia are both in the middle of exteme circumstances.

TD is still in the sights of the Feds, for money laundering, that won't be lived down easily.

Scotiabank is making a questionably large bid for a US financial institution during relatively high interest rate times.

The other banks are suffering because they're in the same Financial Sector.

Flash in the pan or prophesy????

GLTA the good folks here.