$BK.TO

Canadian Banc Corp. Completes Overnight Offering of $103.3M

Canadian Banc Says TSX Approved Its Normal Course Issuer Bid

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.

Canadian Banc Corp. Announcing TSX Acceptance of Normal Course Issuer Bid; Representing 10% of Public Float

Canadian Banc To Split Its Class A Shares

Canadian Banc (BK.TO) after the close Tuesday said it aims to split its Class A shares due to the company's strong performance.The Class A shareholders of record at the close of business on May 196, will receive 10 additional Class A shares for every 100 Class A shares held. The share split is subject to approval by the Toronto Stock Exchange.The company said the shares are expected to trade on an ex-split basis at the opening of trade on May 19, while the impact of the split will be reflected in the net asset value per unit on May 29.Shares of the company closed up $0.03 to $15.13 on the Toronto Stock Exchange.