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 Sept 26 = approx: $21.34

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Comment by NoShoesNoShirton Sep 26, 2024 5:02pm

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Post# 36243059

RE:BK unit nav to Sept 26 = approx: $21.34

mouserman wrote: Showing a gain of nearly 27cents since Sept 13... and that is less than half of the gains LFE had since that same date. Financials that included the Lifecos did better, for obvious reasons.
BK trades at a premium tho... same as DGS... anomalies in these days of discounted split fund commons.

sold 50,000 shares of bk today. Will look for bargains in the next month hoping for a 10% pullback.

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