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 4:57pm

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Post# 36301944

BK unit nav to Nov 7 = approx; $21.99

Showing a gain of about 65 cents now since the OCT 31 numbers. US holdings lost quite alot today, and so down a bit from yesterday. BK now valued at $11.99 and with the last trade @ $11.52 , it is now also trading at a discount to NAV of 47 cents or about 4 %.

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Morning Market Outlook for Nov. 21, 2024