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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 > BK unit nav in realtime @ approx; $21.74
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Post by mouserman on Oct 16, 2024 3:48pm

BK unit nav in realtime @ approx; $21.74

BK showing a gain of 18 cents since yesterdays close. Updated the spreadsheet to OCt 15 numbers. Certainly appears that BK commons are now trading at a discount, and that is not unusual of late for any of these financial split funds. DGS is the only split fund common  ,of those i track ,that was trading at a premium to Oct 15th, not sure if that is still there today ..
Comment by Investability00 on Oct 17, 2024 1:36pm
Do you have the distribution amount for BK , for November payment per share? Thanks in advance.
Comment by mouserman on Oct 18, 2024 9:17am
Next dist . coming in November will be 14.24 cents So showing 14.24 cent dist to give 15 % at the average trading price in the last 3 days of  sept.
Comment by mouserman on Oct 18, 2024 9:18am
Quadravest announced it today.  a result, Class A shareholders of record on October 31, 2024 will receive a dividend of $0.14238 per share based on the VWAP of $11.39 payable on November 8, 2024. The yield will remain stable at 15.00% (based on the VWAP) under this distribution policy.
Comment by Investability00 on Oct 18, 2024 11:15am
One of the things I like about BK is the small increase in distribution as the price goes back up. The safety is huge when markets go down is the other. FTN is my biggest one. Lately I've been into Harvest ETF NVHE hopefully that works out great. GLTA.
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