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 AUg 13 = approx; $20.03

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Post by mouserman on Aug 13, 2024 4:47pm

BK UNIT NAV to AUg 13 = approx; $20.03

So commons shares have a value of $10.03 here , and with the last trade @ $10.94 the premium is 91 cents, or around 9%.

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Comment by rabnud on Aug 13, 2024 11:14pm

pretty sure its a lot more than 10$

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Comment by deisman03 on Aug 14, 2024 2:25am

Splitting hairs I know but it's closer to 8% or by your numbers 8.3% Nice safe territory, considering what's happening to banks and trading off shore and out of country. Dubai wants to stop the Trillion US dollars per year leaving the country for tax reasons, etc and is starting to require its investment brokers to set up trading in their present stock exchange, rather than on ...more

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Canadian Banc Corp