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 15 reported by Quadrvst @ $20.31

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Post by mouserman on Aug 19, 2024 5:48pm

BK unit NAV to Aug 15 reported by Quadrvst @ $20.31

So was 3 cent lower than my spreadsheet ,i suspect to do with the exchange rate on US holdings.. and perhaps a weighting shift.

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Comment by deisman03 on Aug 19, 2024 7:51pm

Thanx for this mouserman. I spoke with a few folks who trade BK regularly and they believe today's 10% premium along with a new TSX high, had a lot to do with the profit taking, and generating the high volumes traded of BK today. People are nervous, and many don't trust the ongoing rhetoric and dogma being repeated in one manner or another over media outlets. Time will ...more

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Canadian Banc Corp