TORONTO, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the "Company') is pleased to announce it will undertake an offering of Preferred Shares (TSX:BK) of the Company. The offering will be led by National Bank Financial Inc.

The sales period of this overnight offering will end at 9:00 a.m. EST on October 2, 2025. The offering is expected to close on or about October 9, 2025 and is subject to certain closing conditions including approval by the TSX.

The Preferred Shares will be offered at a price of $10.45 per Preferred Share to yield 6.2%.

The closing price on the TSX of the Preferred Shares on September 30, 2025 was $10.51.

Since the inception of the Company, 242 consecutive dividends have been declared for the Preferred shares. The aggregate dividends declared on the Preferred Shares total $11.38 per share. All distributions to date have been made ...