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 > BK unit nav to FEB14 = approx:$ $25.33

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Post by mouserman on Feb 14, 2022 4:13pm

BK unit nav to FEB14 = approx:$ $25.33

Trading now at a siginficant premium to NAV... of 32 cents....
Still a very safe fund if you own shares at a much lower cost. Not so sure about buying it at these levels as an entry level tho...
Commons carrying a value of about $15.33 here

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Comment by Donwaan on Feb 15, 2022 12:32am

With BK trading at a premium is an offering likely soon?

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Comment by deisman03 on Feb 15, 2022 2:50am

Depends on what you call "soon" IMHO, I think they will likely just be content to leave well enough alone, until world stress levels settle down. A lot of people think that raising interest rates is good for the bottom line of banks. Well, if it's done slowly, with lots of warning, it usually is. Right now, with the tenuous situation of commodity prices and real ...more

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