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Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.PR.A

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.


TSX:BK - Post by User

Post by mousermanon Feb 16, 2022 9:28am
157 Views
Post# 34433180

BK did have ATM program going

BK did have ATM program going

 

Canadian Banc arranges at-the-market equity program

 

2021-07-07 14:54 ET - News Release

 

An anonymous director reports

CANADIAN BANC CORP. ESTABLISHES AT-THE-MARKET EQUITY PROGRAM

Canadian Banc Corp. has established an at-the-market equity program that allows the company to issue shares of the company to the public from time to time at the company's discretion, effective until July 23, 2023, unless terminated prior to such date by the company. Any Class A shares or preferred shares sold in the ATM program will be sold through the Toronto Stock Exchange or any other marketplace in Canada on which the Class A shares and preferred shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A shares and preferred shares through the ATM program will be made pursuant to the terms of an equity distribution agreement dated July 6, 2021, with National Bank Financial Inc

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