Canadian Banc Corp. Announces Class A Share Split

Core Viewpoint - Canadian Banc Corp. plans to execute a share split of its Class A shares due to strong performance, with shareholders receiving additional shares [1] Share Split Details - Class A shareholders will receive 10 additional shares for every 100 shares held, effective for those on record by December 16, 2025 [1] - The share split is subject to approval by the Toronto Stock Exchange [1] - The Class A shares will begin trading on an ex-split basis on December 16, 2025, with no fractional shares issued [3] Cash Distributions - Class A shareholders will continue to receive monthly cash distributions targeted at an annualized rate of 15%, based on the volume weighted average market price for the last three trading days of the preceding month [2] - Since inception, cash distributions have totaled $24.60 per share [2] Investment Portfolio - The Company invests in a portfolio of six publicly traded Canadian banks, including Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, and Toronto-Dominion Bank [4] - The weight of shares in the portfolio is expected to range between 5-20% but may vary [4] - The Company also engages in a selective covered call writing program to generate additional returns [4]