BK Canadian Banc Corp Class A Share - https://canadianpreferredshares.ca/BK-Canadian-Banc-Corp-class-a-share/


BK Canadian Banc Corp Class A Share

In this page I have compiled the information which allows you to evaluate BK Canadian Banc Corp Class A Share, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Class A shares of this split-corporation. Your goal is to determine if this issue meets your requirements. These tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares.

Canadian Banc Corp Brief Overview

Visit the Canadian Banc Corp company website to see the preferred share prospectus, news and other information.

Sector: Split Share
Main Features of this Spit Share Instrument:

  1. Canadian Banc Corp. is a high quality portfolio consisting of six Canadian Banks. The portfolio shares offer an attractive dividend yield, continued earnings growth and have a strong history of capital appreciation.The company offers two classes of securities a Preferred share (BK.PR.A) and a Class A share (BK).
  2. Core Holdings: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Toronto-Dominion Bank
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Quadravest Capital Management Inc."

Canadian Banc Corp offers two type of shares,

  1. Class A Shares: (i) to provide holders of the Class A Shares with regular monthly cash distributions currently targeted to be at a rate of 10% annualized based on the volume weighted average market price of the Class A shares for last 3 trading days of the preceding month (ii) to pay the holders of Class A Shares on the termination date of December 1, 2023 (subject to further 5 year extensions thereafter) at least the original issue price of those shares.
  2. Preferred Shares:. (i) to provide holders of the Preferred Shares with cumulative preferential floating rate monthly cash dividends at an annual rate equal to Prime Rate plus 1.50%, (min 5%, max 8%) based on $10 redemption value, (ii)to pay the holders of the Preferred Shares the $10 redemption value on or about the termination date of December 1, 2023 (subject to further 5 year extensions thereafter).

The latest information and statistics on their common stock BK, can be easily accessed using websites like TMX Money.

Canadian Banc Corp Credit Rating

The latest credit rating for Canadian Banc Corp are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS PreferredsS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
PFD-3

Canadian Banc Corp Class A Share Metrics

Symbol: TSE:BKPrice: $13.27Currency: CADName: Canadian Banc Corp :  
Dividend: $0.1012Target Yield: 15.00%Current Yield: 9.15%Dividend Pay Frequency: Monthly :  
Current NAV: $21.30NAV As Of Date: 2022-11-15NAV Threshold: $15.00Class A Only NAV: N/AClass A Issue Price: $15.00
Variable Dividend: YOutstanding Float: 10,679,482.00Total Distributions: $28.41Class A Only Distributions: N/AIssuer Name: Quadravest

BK Net Asset Value vs Threshold over time

The graph below shows relation between the Split Share Net Asset Value and the dividend payout threshold for split shares ( BK ) over time. Place the mouse cursor over the graph to reveal data like (date, Split Share price detail).

Keep in mind if the share price of any of these split shares fall below the threshold of $15.00, the dividend will not be paid out.

BK Current Yield over time

The graph below shows the Current Yield of the Class A share ( BK ) over time. Place the mouse cursor over the graph to reveal data like (date, Split Share price detail).

Keep in mind if the share price of any of these split shares fall below the threshold, the dividend will not be paid out.

BK Class A of Split Share Stock Short Position over time

The graph below shows the short position for BK Class A share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).

Currently the outstanding float for BK is 10,679,482 and the latest short position is 6,097. Thus the current short position is 0.0600% of the outstanding float.