Canadian Banc 'A'

Canadian Banc Corp. has launched an overnight placement of preferred shares at $10.33 each, led by National Bank Financial, with expected issue settlement around June 4, 2026 and a subscription deadline of Thursday at 8:30 a.m. EST. Net proceeds are to be invested in a portfolio mainly composed of shares of six major Canadian banks. The securities pay cumulative, preferred monthly dividends at a floating rate (Prime + 1.50%), with an annual minimum rate of 5.0% and a maximum rate of 8.0%, and have a redemption date of Dec. 1, 2028 with a five-year extension option. The preferred shares carry a DBRS rating of Pfd-3 (low) and the company notes a history of 250 declared dividends. » Więcej na de.investing.com

Canadian Banc Corp. is offering preferred shares (TSX:BK.PR.A) at $10.45 with a yield of 6.2%; the overnight placement is led by National Bank Financial and closes Thursday at 9:00 a.m. EST, with completion expected around Oct. 9, 2025, subject to TSX approval. The securities pay cumulative, senior, variable monthly cash dividends (Prime + 1.50%; minimum rate 5%, maximum rate 8%) and are scheduled to be redeemable on Dec. 1, 2028 at the issue price of $10. Proceeds are to be invested in a portfolio of shares of six large Canadian banks; the preferred shares carry a DBRS rating of Pfd-3 (low). » Więcej na de.investing.com