Canadian Banc Corp T.BK

BK unit NAV to AUG 9 = approx: $21.05

[mouserman]

So now BK has  approx: the  same  NAV as at July 29.  SO commons back to a value of $11.05
With the last trade @ 13.37 the premium is $2.22, or about  20 %..
BK is one of the few safe high paying split fund commons in Quadravest. With over 6 $ in safety coverage , there is no others close. FTN next with about 3 $ in safety coverage. Trading at a lower premium tho, only 13%. Some speculation tho that FTN will do a second offering in 2022, but i do think a higher premium will be much more  desirable for that.

[deisman03]

On the FTN board you state that you feel it is one of the most reasonably priced Splits out there.  Without trying to create conflict, I don't feel the same way. FTN is a very decent Split at this time but I don't feel it's any better than BK, quite the opposite.  BK has very different basket of investment vehicles than FTN and IMHO, offers far more stability than FTN

[mouserman]

My investment in FTN is purely because it has the lowest premium of the safer funds with better than 15% payout. Bk I also own And the premium there is deserved , as it  has much more safety , but a much higher concentration of NAV in Canada's big 6 banks. Ftn actually more diversified as it has lifecos as well as big 6 CAD banks and mix of the biggest USBanks.

[deisman03]

The Lifecos have to invest the money they bring in from their clientelle. This makes them much more vulnerable than the Banks, which are far more diversified, both internally and internationally.  Recently TD announced the take over of a US financial facility.  This sent ripples of fear throughout Canadian bank stock holders and some sold off as the NAV of TD was dilluted.  Some

[mouserman]

So took some profits in FTN this am, i was buying FTN every time it dropped down to about a 10% premium, That strategy works for me, so I stick with it. However i was much too heavy in FTN , so was time to take some profits. Today the US banks are by far the strongest part of the holdings and the lifecos i believe are oversold, and shouls see more upside in the future. The CAD however has jumped &

[deisman03]

I'm not dissing your strategy in any way. Just, as you are expressing an opinion on the overall situation.  You're overthinking this IMHO, but if it works for you in a positive manner, both financially and mentally, that's better than most investors get by throwing darts at their options without doing DD.  I sold FTN, again, this morning as well. Profit is profit.