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TORONTO, Sept. 18, 2026 (GLOBE NEWSWIRE) — Canadian Banc Corp. (The “Company”) declares its monthly distribution of $0.20675 for each Class A share and $0.04958 for each Preferred share. Distributions are payable October 9, 2026 to shareholders on record as at September 30, 2026.
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Under the distribution policy announced in November 2021, the monthly dividend payable on the Class A shares is determined by applying a 15% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 3 trading days of the preceding month. As a result, Class A shareholders of record on September 30, 2026 will receive a dividend of $0.20675 per share based on the VWAP of $16.54 payable on October 9, 2026. The yield will remain stable at 15.00% (based on the VWAP) under this distribution policy.
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Preferred shareholders will receive prime plus 1.50% with a minimum rate of 5.00% and a maximum rate of 8.00%.
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Since inception Class A shareholders have received a total of $26.64 per share and Preferred shareholders have received a total of $11.98 per share inclusive of this distribution, for a combined total of $38.62.
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The Company invests primarily in a portfolio of six publicly traded Canadian Banks as follows: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank. Shares held within the portfolio are expected to range between 5- 20% in weight but may vary at any time. To generate additional returns above the dividend income earned PRESS RELEASE on the portfolio, The Company engages in a selective covered call writing program.
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| Distribution Details | |
| Class A Share (BK) | $0.20675 |
| Preferred Share (BK.PR.A) | $0.04958 |
| Record Date: | September 30, 2026 |
| Payable Date: | October 9, 2026 |
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