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 May 24 = approx: $20.53

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Post by mouserman on May 24, 2024 4:10pm

BK unit nav to May 24 = approx: $20.53

So spreadsheet is saying BK unit nav went up by 2.4 cents since MAY15....
Premium growing.

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Comment by flamingogold on May 24, 2024 5:14pm

If interest rates in Canada drop in 8 trading days, which is very likely, the rising premium is validated.

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Comment by NoShoesNoShirt on May 25, 2024 9:43am

It's going to be Christmas in June when rates are cut. And again and again, then the American rates get cut. ONGOING BOOM FOR ALL FINANCIAL SPLITS

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Comment by Islesfan on May 25, 2024 5:12pm

full of. Lol

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Comment by flamingogold on May 26, 2024 5:05pm

We won't get covid level rates back again, at least let's not hope so because the economy would need to break for that to happen. But, on the low side a cut of a full point over the next year is very possible from the BoC, EU and even the FED. On the high side, maybe a full 2 pts over 2 years. Overall, good for banks and debt heavy corps/individuals. The risk is navigating that... cuts ...more

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