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 OCT 24 = approx: $21.73

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Post by mousermanon Oct 24, 2024 5:39pm

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Post# 36281068

BK unit nav to OCT 24 = approx: $21.73

So the gain since OCT 15 = approx: 24 cents .. and the Commons would be valued @ $11.73 before distributions. Net of dist. the value drops by 21 cents to about 11.52 , which is exactly where the COMMONS finished the day.
DGS the only split fund common with any kind of a significant premium after distributions., of those i track.

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