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

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Post by mousermanon Nov 07, 2024 8:31am

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Post# 36300556

BK unit nav to NOV6 = approx: $22.05

So showing a nice gain of over 71 cents since the update OCt 31, and normally one would be happy with that.. BUT several split fund commons had gains over a dollar in that same time period. The biggest gain was in LCS @ $1.60 since OCt 31...LFE gained $1.22..

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Osisko Development receives permits for Cariboo Gold Project