Canadian Banc Corp. Announces Completion of Treasury Offering

Canadian Banc Corp. (the "Company") is pleased to announce it has completed a
treasury offering of 837,350 Preferred shares and 837,350 Class A shares. Total
gross proceeds of the offering were $19.4 million, bringing the Company's net
assets to approximately $151.7 million. The shares will trade on the Toronto
Stock Exchange under the existing symbols BK.PR.A (Preferred shares) and BK
(Class A shares).


The Preferred shares were offered at a price of $10.35 per share to yield 4.83%
annually and the Class A shares were offered at a price of $12.90 per share,
targeting to yield 10% annually based on the volume weighted average market
price of the Class A shares for last 3 trading days of the preceding month.


The syndicate of agents consisted of National Bank Financial Inc., CIBC, RBC
Capital Markets, TD Securities Inc., BMO Capital Markets, GMP Securities L.P.,
Canaccord Genuity Corp., Desjardins Securities Inc., Mackie Research Capital
Corporation, Manulife Securities Incorporated and Raymond James Ltd.


The net proceeds of the treasury offering will be used by the Company to invest
in a portfolio of six publicly traded Canadian Banks as follows:




    Bank of Montreal      Canadian Imperial Bank     Royal Bank of Canada   
                                of Commerce                                 
                                                                            
 The Bank of Nova Scotia  National Bank of Canada  The Toronto-Dominion Bank



Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. Please read the Company's
publically filed documents which are available at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Banc Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.primerateplus.com

Canadian Banc (TSX:BK.PR.A)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024