Canadian Banc Corp. Sets May 8 Payouts for Monthly Class A and Preferred Distributions

Overview

• Canadian Banc Corp. declared a monthly cash distribution of $0.16750 per Class A share and $0.04958 per Preferred share.
• Shareholders of record on April 30, 2026 will receive payment on May 8, 2026.
• The Class A amount is set by applying a 15% annualized rate to the volume‑weighted average price over the last three trading days.
• Preferred shareholders receive a rate tied to prime plus 1.50% with a floor of 5% and a cap of 8%.
• The fund invests in six major Canadian banks and uses selective covered‑call writing to add income.