Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.P.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 Aug 03, 2022 4:52pm

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Post# 34869450

OOPS correction

BK UNIT NAV reported by Quadravest was $21.27 BEFORE distributions , so my spreadsheet was substantially lower than Quadravest report. I had it at 21.08 before dist. almost 20 cents lower.
SO BK has obviously put some of that cash wad to work.

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