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 Feb 17 = $24.98

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Post by mouserman on Feb 17, 2022 10:23pm

BK unit nav to Feb 17 = $24.98

Fixed up the spreadsheet and it showed a 47cent loss in the 2 days since the 15th update.
SO at this point the commons are trading at a 20 cent premium in a very volatile market.
Lots of safety built in to the price for BK. And the setup for determining the amount of distribution changes with the stock price , so as the value drops , so too does the amount paid out. That makes it more sustainable as well.

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Comment by deisman03 on Feb 17, 2022 11:53pm

We're heading into a long weekend in the US and Canada. Unless something drastic happens and the banks start losing value/earnings as a result, BK should be able to sustain its present levels. The only fly I can see in this ointment is whether or not the 15% payout is temporary or was just put in place to raise the unit price ahead of the offering. I tried again to sell my ...more

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Canadian Banc Corp