Canadian Banc Corp T.BK.PR.A

Primary Symbol: T.BK Alternate Symbol(s): CNDCF

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 20, 2024 4:57pm

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Post# 36322606

BK unit nav to NOV 20 = approx; $22.19

Showing a gain of 3 pennies since the 15th, and doing better here than FTN or FFN.. which have negative totals since the 15th.
BK common shares are valued at about 12.19 before dist. and with the last trade @$11.74. the discount is 45 cents or about 3.7%. There are no split funds in the lists i track that are at a premium. Very strange anomaly the past several months.

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