Business News • MarketWire • Canadian Banc Corp. Completes Preferred Share Offering of $4,073,781 |
Canadian Banc Corp. Completes Preferred Share Offering of $4,073,781 |
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Canadian Banc Corp. Completes Preferred Share Offering of $4,073,781
TORONTO, ONTARIO--(Marketwired - Dec. 23, 2016) - Canadian Banc Corp. (the "Company") is pleased to announce it has completed its Offering of 393,602 Preferred Shares at $10.35 per share for aggregate gross proceeds of $4,073,781. The Preferred Shares will trade on the Toronto Stock Exchange under the symbol BK.PR.A.
The authorized capital of the Company also consists of Class A Shares (the "Class A Shares"). The Company declared a special capital gains dividend, payable partially in cash and partially in Class A Shares, to holders of Class A Shares of record on January 5, 2017. The number of Class A Shares being issued as a result of this special dividend will be equal to the number of Preferred Shares issued in this offering.
View More : http://www.marketwired.com/mw/release.do?id=2185400&sourceType=3
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