Canadian Banc Corp T.BK

Alternate Symbol(s): T.BK.P.A | 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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Apr 15, 2024 8:04pm

162 Views

Post# 35990638

BK unit nav to April 15 = approx: $19.91

Spreadsheet showing a loss of about 58 cents since the update. NOT sure if BK cash position has changed in the past 2 weeks, but would have been good to increase cash.. last trade @ $10.74 leaves BK commons trading at a premium over 8.3%

<< Previous

Bullboard Posts

Next >>

Hempalta acquires controlling interest in Hemp Carbon Standard