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FINWIRES

Canadian Banc Says TSX Approved Its Normal Course Issuer Bid

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Canadian Banc's (BK.TO) notice of intention to make a Normal Course Issuer Bid (NCIB) to buy back its Preferred Shares and Class A Shares through the facilities of the Toronto Stock Exchange (TSX) and/or alternative Canadian trading systems, have been approved by the TSX, it said on Monday.

The NCIB will start on June 3, 2026 and cancel on June 2, 2027. Pursuant to the bid, the company proposes to buy back, from time to time, up to 5.5-million Preferred Shares and 5.3-million Class A Shares of the company, about 10% of the public float of 55.2-million Preferred Shares and 53.4-million Class A Shares.

Shares of the company closed down 0.5% to $14.85 on Friday on the Toronto Stock Exchange.

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