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.

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Canadian Banc Corp > Financial Post/David Rosenberg on interest rates

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Comment by mousermanon Sep 13, 2024 11:43am

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Post# 36222371

RE:RE:Financial Post/David Rosenberg on interest rates

Ganyman61 wrote: What is the NAV of BK? Seems like bank stocks are recovering somewhat but BK stays the same.

My spreadsheet had the BK unit nav gaining 30 cents since AUG 30 and the UNIT NAV now estimated to be around $21.09 to Sept 12.
BK commons have a value of $11.09 now.. and big premium has all but disappeared. $11.10 was the close for BK on sept 12

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