Canadian Banc Corp CNDCF

Primary Symbol: T.BK Alternate Symbol(s): 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 13, 2024 5:00pm

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Post# 36311208

BK unit nav to Nov 13 = approx: $22.11

Spreadsheet showing a gain of about 77 cents since the udpated numbers oct 31... with the last trade @ $11.61 the the discount is 50 cents or about 4.1 %. CAD banks did not fare so well today, but have mostly done allright in the past 2 weeks.. only NA is lower than OCT 31 close.

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