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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

TSX:BK - Post Discussion

Canadian Banc Corp > BK unit nav to March 18= approx: $24.81
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Post by mouserman on Mar 19, 2022 9:42am

BK unit nav to March 18= approx: $24.81

A nice rebound in financials helped BK bounce back and gained 47 cents in UNIT NAV from march 15...
Commons now have a value of $14.81  and are trading at a premium of 37 cents or about 2.5%.
Very good value imo here, altho i am not convinced  banks are headed higher in a big way. Still even in a sideways market BK will do well paying 15% to commons.
Comment by EdPaquette on Mar 19, 2022 3:33pm
Anyone old enough to remember the Arab oil embargo knows a wicked recession follows a sudden rise of oil prices.  This split has a good chance of paying right through a recession. 
Comment by Kadiddelhopper on Mar 19, 2022 6:04pm
Right on cue, ED, and Mouserman.   I have been strong in Oils these last several months, with a smattering of Splits for monthly income, and am wanting to achieve more of an assured income stream once Oils start to weaken from this latest  bullish  trend.. , The gains in my oils will set a good position  particularly, in BK, and a couple of others I am monitoring almost daily. ...more  
Comment by gribbs2 on Mar 20, 2022 10:49am
Hey mouserman ,  any thoughts on these newer ETFs from Hamilton ETFs? how do they compare to BK GDV DFN DGS , etc?  They yield less but different investment strategy https://hamiltonetfs.com/etf/hdiv/ https://hamiltonetfs.com/etf/hyld/
Comment by mouserman on Mar 22, 2022 4:18pm
Will have a look,  but have not heard of Hamilton ETFs.  But these are getting more popular for beginner investor as rather than pick one stock, you pick a sector ETF , or a diverse ETF.
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