Canadian Banc Corp. Declares Monthly Payouts for Class A and Preferred Shares
The notice reflects a standing formulaic policy for setting monthly payouts.
Overview
- Canadian Banc Corp. announced a monthly distribution of $0.18138 per Class A share and $0.04958 per Preferred share.
- Distributions are payable on April 10, 2026 to shareholders of record as of March 31, 2026.
- The Class A amount is set by a 15% annualized rate applied to the prior month’s VWAP, which was $14.51 for this cycle.
- Preferred share dividends are tied to prime plus 1.50% with a 5.00% floor and 8.00% cap.
- Since inception, cash paid totals $25.49 per Class A share and $11.68 per Preferred share, or $37.17 combined.