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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Oct 28, 2024 5:32pm

108 Views

Post# 36285834

BK unit nav to OCT 28th = approx; $21.79 before dist.

Spreadsheet showing a gain of 30 cents as the big banks bounced back up nicely. Commons should have a value near $11.59 at the close today... last sale was @ $11.58 so trading right at NAv after dist.

<< Previous

Bullboard Posts

Next >>

Osisko Development receives permits for Cariboo Gold Project