Canadian Banc Corp. Announces Class A Share Split and Increased Total Distributions

Core Points - Canadian Banc Corp. plans to execute a share split of its Class A shares due to strong performance, with shareholders receiving 10 additional shares for every 100 held, pending approval from the Toronto Stock Exchange [1] - Following the share split, Class A shareholders will continue to receive monthly cash distributions targeted at an annualized rate of 15%, resulting in an approximate 10% increase in total distributions due to the issuance of additional shares [2] - The Class A shares will begin trading on an ex-split basis on September 26, 2025, with no fractional shares issued, and the split is a non-taxable event [3] Investment Strategy - The Company invests in a portfolio of six publicly traded Canadian banks, including Bank of Montreal and Royal Bank of Canada, with share weights ranging from 5-20% [4] - To enhance returns beyond dividend income, the Company employs a selective covered call writing program [4]