Bullboard - Stock Discussion Forum 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... see more

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TSX:BK - Post Discussion

Canadian Banc Corp > Unloaded BK @ $15.10

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Post by mouserman on Jan 21, 2022 10:26am

Unloaded BK @ $15.10

Took a loss but i think has further to fall premium rising .... as the UNIT NAV in realtime has dropped to $24.57, and so that puts the BK commons at a value of $14.57 before distributions.

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Comment by EdPaquette on Jan 21, 2022 10:34am

I think the market will roar back this afternoon.

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Comment by mouserman on Jan 21, 2022 10:39am

I think most will get out into cash for the weekend , and wait and see what happens next week. I was in 65 % cash before today, and now much bigger....still have LFE , stops not taken out there yet. '

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