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 in realtime @ $19.75

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Post by mouserman on Dec 14, 2023 12:23pm

BK UNIT NAV in realtime @ $19.75

Unit nav looks to have gained about 1 dollar since the udpate on NOV 30th. BK could very well be putting some of that cash hoard to work as well.
Commons have a value of AT LEAST $9.75 here.

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Comment by marketsense on Dec 14, 2023 12:33pm

Banks are on fire again today. This has to help BK despite holding large cash position. I agree with previous poster. Hopefully they've utilized this tax loss season to their advantage. This could work out as a win win for investors if BK can start moving back up in price and simultaneously raise dividends.

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