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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

TSX:BK - Post Discussion

Canadian Banc Corp > US banks steaming higher
View:
Post by mouserman on Oct 11, 2024 2:44pm

US banks steaming higher

Outside of TD,the CAD banks doing ok as well. BK not performing nearly as good as FTN or FFN.. and both of those trading at about a 9% discount , and paying a higher yield.
Comment by rixpix on Oct 11, 2024 4:08pm
I own 2 out of the 3 you've mentioned and FFN is not one of them.  BK is not paying as much as FFN is but, IMO, it's a lot safer. 
Comment by mouserman on Oct 11, 2024 4:28pm
BK has gained 25 cents now since Sept 30, and that brings the UNIT NAV up to 21.48...BK commons now have  a slight discount with the last sale @ $11.33 ALL of the paying Quadravest splits have gained more than BK this month so far.. and its not like its close. AND all of the paying split funds in Quadravest pay a higher yield.
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