Canadian Banc Corp T.BK

BK unit nav to Jan 10 = $20.60

[mouserman]

So that would value the commons at $10.60 after distributions have been paid out. BK now has gained 48 cents since the DEC. 30th update. Premium here is $2.85 or about 26.8% , almost the same as the premium on DGS , which is underwater  for paying to commons . Hard to figure some days why the supersafe  dont deserve a bigger premium than the iffy wannabes...

[Islesfan]

Hi mouserman, I'm new to split corp stocks and new to investing in general.  Just wondering what these numbers mean.  I see the great monthly dividend but know sometimes it may not be paid out depending on the NAV?   Any guidance appreciated. 

[mouserman]

Well with most of Quadravest split funds, there is a 15 $ UNIT NAV ( made up of one preferred share and one common share), and when the UNIT NAV is over 15$ the common shares get a big distribution. Preferreds always get distributions , unless the fund goes totally broke. The more the UNIT NAV is above 15$ the safer the fund is . If the UNIT NAV is on the bubble , Close to 15$ , just before the

[Islesfan]

Got it.  Really appreciate your help.