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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 to Jan 10 = approx; $21.88
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Post by mouserman on Jan 11, 2025 1:35pm

BK unit nav to Jan 10 = approx; $21.88

BK  doing the best of all the Quadravest funds i believe.. with a gain of about 3 cents, next best is FFN with a gain of nearly 2 cents. BK also raised its CASH position, and is the only one i saw that did that.
Not sure of what is to come, but  after the friday selloff, we are hoping its a one off... and a bounce maybe back on Monday. Last sale at $11.64  leaves BK trading at a very small discount.
Comment by NoShoesNoShirt on Jan 11, 2025 7:39pm
Because Friday brought S&P500 below the December 31st level, the January effect will be negative.  Monday will be a down day. 
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