Canadian Banc Corp. (BK.TO)
Canadian Banc Corp. operates in the Asset Management industry of the Financial Services sector, headquartered in Toronto, ON, CA. The stock last traded at $17.09, up 1.36% on the session, giving a market capitalisation of $780.0M. Its beta of 0.84 implies it has historically moved less than the broad market.
Canadian Banc Corp. is a Canadian closed-end split share corporation managed by Quadravest Capital Management Inc. that holds a concentrated portfolio of common shares in six major Canadian banks: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, and Toronto-Dominion Bank. The company issues both Class A shares and preferred shares, using the structure to provide Class A shareholders with regular monthly cash distributions and capital appreciation potential, while preferred shareholders receive fixed cumulative dividends. It also runs a selective covered call writing program on portfolio holdings to generate additional income.
Canadian Banc Corp. is most often compared with the following Financial Services names: