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 Jan 13 = approx: $21.03

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Post by mouserman on Jan 13, 2023 4:59pm

BK unit nav to Jan 13 = approx: $21.03

So having gained 91 cents since the NOV 30th update, BK has popped back up over the 21 $ level in UNIT NAV. Commons now with a value of $11.03 here, and the last trade @ 13.70 leaves the premium @2.67 or about 24.2 %.

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Comment by lsrasr on Jan 13, 2023 5:04pm

thanks mouserman. BK looks like the best buy of the split share funds. the safest margin over the $5 NAV requirement for the commons, a 15% annual yield and not too terrible a premium of share price over NAV. And if JPM qtrly results are an indication, the CDN banks should have good results when they announce their quarterlies end of February which should help the BK share price.

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Canadian Banc Corp