Canadian Banc Corp. At-The-Market Equity Program Renewed

Core Viewpoint - Canadian Banc Corp. has renewed its at-the-market equity program, allowing the issuance of shares until July 19, 2027, with a maximum gross proceeds of $350 million [1][2]. Group 1: ATM Program Details - The renewed ATM Program replaces the previous program established in January 2024 and allows the Company to issue Class A Shares and Preferred Shares at prevailing market prices [1][2]. - Sales will occur through the Toronto Stock Exchange or other Canadian marketplaces, with prices varying among purchasers during the distribution period [2]. - The program is governed by an equity distribution agreement with National Bank Financial Inc. dated June 19, 2025 [1][2]. Group 2: Use of Proceeds - Proceeds from the ATM Program will be utilized in alignment with the Company's investment objectives and strategies, subject to investment restrictions [3]. - The Company invests in a portfolio of six publicly traded Canadian banks, including Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, and The Toronto-Dominion Bank [3].