Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share

Core Points - Canadian Banc Corp. declares a monthly distribution of $0.14575 for Class A shares and$0.05375 for Preferred shares, payable on April 10, 2025, to shareholders on record as of March 31, 2025 [1][5] - The monthly dividend for Class A shares is based on a 15% annualized rate applied to the volume weighted average market price (VWAP) over the last 3 trading days of the preceding month, resulting in a dividend of $0.14575 per share based on a VWAP of$11.66 [2] - Preferred shareholders will receive a rate of prime plus 1.50%, with a minimum of 5.00% and a maximum of 8.00% [3] Distribution Details - Class A Share distribution is $0.14575, and Preferred Share distribution is$0.05375 [5] - Record date for distributions is March 31, 2025, and payable date is April 10, 2025 [5] Investment Portfolio - The Company invests in a portfolio of six publicly traded Canadian banks, including Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, and Toronto-Dominion Bank, with share weights expected to range between 5-20% [4] - The Company also engages in a selective covered call writing program to generate additional returns above the dividend income earned on the portfolio [4] Historical Distributions - Since inception, Class A shareholders have received a total of $23.53 per share, while Preferred shareholders have received a total of$11.06 per share, resulting in a combined total of $34.59 [3]