CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share

TORONTO, June 19, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13925 for each Class A share and $0.06667 for each Preferred share. Distributions are payable July 10, 2024 to shareholders on record as at June 28, 2024. Under the distribution policy announced in November 2021, the monthly dividend payable on the Class A shares is determined by applying a 15% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the ...