TORONTO, Ontario — January 16, 2026 — Leads & Copy — Canadian Banc Corp. has completed the overnight offering of Preferred Shares (TSX: BK.PR.A), raising total gross proceeds of $103.2 million.
The Preferred Shares will commence trading on the Toronto Stock Exchange under the symbol BK.PR.A.
National Bank Financial Inc. led the offering.
The net proceeds from the offering will be invested in a portfolio primarily consisting of six publicly traded Canadian Banks:
- Bank of Montreal
- Canadian Imperial Bank of Commerce
- Royal Bank of Canada
- The Bank of Nova Scotia
- National Bank of Canada
- The Toronto-Dominion Bank
The investment objectives for the Company’s Preferred Shares are to:
- Provide holders with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 1.50% (minimum annual rate of 5.0% and maximum annual rate of 8.0%) based on original $10 issue price; and
- On or about the termination date, currently December 1, 2028 (subject to further 5-year extensions, as it has been extended in the past) to pay holders the original $10 issue price of those shares.
Commissions, trailing commissions, management fees, and expenses are associated with mutual fund investments. Investors should read the prospectus supplement to the Company’s short form base shelf prospectus dated June 18, 2025, before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents available on SEDAR+ at www.sedarplus.com.
Investor Relations: 1-877-478-2372
Local: 416-304-4443
info@quadravest.com
Source: Canadian Banc Corp.
