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National Bank of Canada: As Strong As The Big Five, But Wait (OTCMKTS:NTIOF)
Seeking Alpha· 2026-01-22 17:05
We have noted some interesting trends in the months that followed my initial coverage of National Bank of Canada ( NTIOF ) ( NA:CA ). The bullish trend remained resilient despite my cautious stanceI have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I have been trading on the PH stock market. I foc ...
Premium Income Corporation Announces Successful Overnight Offering of Preferred Shares
Globenewswire· 2026-01-22 14:37
Core Viewpoint - Premium Income Corporation has successfully completed an overnight treasury offering of 2,633,000 Preferred Shares, generating gross proceeds of approximately $42.65 million [1][2]. Group 1: Offering Details - The offering is expected to close around January 29, 2026, pending approval from the Toronto Stock Exchange [2]. - Preferred Shares are priced at $16.20 each, while the last trading price was $16.46 as of January 21, 2026 [2]. - Since inception, the total dividends declared on the Preferred Shares amount to $25.96 per share [2]. Group 2: Investment Strategy - The Fund primarily invests in common shares of major Canadian banks, including Bank of Montreal, The Bank of Nova Scotia, and others [3]. - To enhance returns beyond dividend income, the Fund will selectively write covered call and put options on some or all common shares in its portfolio [3]. Group 3: Financial Information - Preferred Shares provide fixed cumulative preferential monthly cash distributions of $0.10625, equating to an annual yield of 8.50% based on the original issue price of $15.00 [4]. - The offering is led by National Bank Financial Inc. as the syndicate of agents [4].
Financial 15 Split Corp. At-The-Market Equity Program Renewed
Globenewswire· 2026-01-22 14:00
TORONTO, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until February 21, 2028 unless terminated prior to such date by the Company. This program replaces the prior program established in December 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Progra ...
Dividend Select 15 Corp. At-The-Market Equity Program Renewed
Globenewswire· 2026-01-22 14:00
Core Viewpoint - Dividend Select 15 Corp. has renewed its at-the-market equity program, allowing the issuance of shares until February 21, 2028, with a maximum gross proceeds of $30 million [1][2]. Group 1: ATM Program Details - The renewed ATM Program replaces the previous program established in December 2023 and allows the company to issue shares at its discretion through the Toronto Stock Exchange or other Canadian marketplaces [1][2]. - Sales of equity shares will occur at prevailing market prices, which may vary among purchasers during the distribution period [2]. - The program is offered under a prospectus supplement dated January 21, 2026, linked to the company's short form base shelf prospectus dated January 20, 2026 [2]. Group 2: Use of Proceeds - Proceeds from the ATM Program will be utilized in alignment with the company's investment objectives and strategies, adhering to its investment restrictions [3]. - The company invests in a portfolio of Canadian companies that are among the highest dividend-yielding stocks in Canada [3]. Group 3: Portfolio Composition - The portfolio includes notable Canadian companies such as Bank of Montreal, BCE Inc., and Royal Bank of Canada, among others [4].
Premium Income Corporation Announces Overnight Offering of Preferred Shares
Globenewswire· 2026-01-21 20:27
Core Viewpoint - Premium Income Corporation is conducting an overnight treasury offering of Preferred Shares, with the sales period ending on January 22, 2026, and expected closure around January 29, 2026, pending approval from the Toronto Stock Exchange [1][2]. Group 1: Offering Details - The Preferred Shares are priced at $16.20 each, while the last trading price on the TSX was $16.46 as of January 21, 2026 [2]. - Since inception, the Fund has declared aggregate dividends of $25.96 per Preferred Share [2]. - The Preferred Shares provide fixed cumulative preferential monthly cash distributions of $0.10625, equating to $1.275 annually, which represents an 8.50% yield based on the original issue price of $15.00 [4]. Group 2: Investment Strategy - The Fund primarily invests in common shares of major Canadian banks, including Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, and The Toronto-Dominion Bank [3]. - To enhance returns beyond dividend income, the Fund selectively writes covered call and put options on some or all common shares in its portfolio [3]. Group 3: Management and Contact Information - The manager and investment manager of the Fund is Mulvihill Capital Management Inc. [3]. - For further inquiries, Investor Relations can be contacted via phone or email, with additional information available on the company's website [4].
Dividend Select Corp. Declares Monthly Dividend
Globenewswire· 2026-01-20 14:00
Core Viewpoint - Dividend Select 15 Corp. has declared a monthly distribution of $0.06167 per Equity share, payable on February 10, 2026, to shareholders on record as of January 30, 2026 [1][4]. Distribution Policy - The monthly dividend is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Equity shares over the last 3 trading days of the preceding month, resulting in a dividend of $0.06167 per share based on a VWAP of $7.40 [2]. Historical Performance - Since inception, Equity shareholders have received a total of $11.50 per share, inclusive of the current distribution [3]. Investment Portfolio - The Company invests in a portfolio of 15 Canadian companies selected from a universe of high dividend-yielding stocks [3]. Company Holdings - The portfolio includes notable companies such as Bank of Montreal, TELUS Corporation, BCE Inc., and Royal Bank of Canada among others [4]. Distribution Details - The distribution details are as follows: Equity Share (DS) $0.06167, Record Date: January 30, 2026, Payable Date: February 10, 2026 [4].
Mangrove Lithium announces $85-million USD financing to power critical mineral refinement for EVs
BetaKit· 2026-01-16 19:04
Core Insights - Mangrove Lithium has secured up to $85 million USD ($118 million CAD) in structured financing to advance its lithium refinement technology for electric vehicles (EVs) [1][6] - The Canada Growth Fund is contributing up to $65 million USD ($90 million CAD) to this financing round, with participation from existing investors including Bill Gates' Breakthrough Energy Ventures and BMW iVentures [1][6] Funding and Development Plans - National Bank of Canada is underwriting a $9 million CAD loan backed by a Clean Technology Manufacturing Investment Tax Credit, which will support the establishment of Mangrove's first commercial lithium refinement facility in Delta, BC [2] - The Delta facility is expected to produce enough battery-grade materials to power 25,000 EVs annually, with plans for a second, larger plant that could eventually power 500,000 EVs per year [2][3] Technology and Market Position - Founded in 2017, Mangrove has developed patented electrochemical lithium refining technology that is claimed to be more cost-effective, produce less waste, and require fewer chemicals than traditional methods [4] - The company has been recognized on the Global Cleantech 100 list for four consecutive years, indicating its strong position in the cleantech sector [4][5] Strategic Importance - This financing is part of the Canadian government's broader initiative to enhance the country's critical minerals capabilities and reduce reliance on China, thereby ensuring Canadian sovereignty in the sector [6]
Dividend 15 Split Corp. Announces Successful Overnight Offering of Preferred Shares
Globenewswire· 2026-01-16 14:09
Core Viewpoint - Dividend 15 Split Corp. has successfully completed the overnight marketing of Preferred Shares, raising approximately $142.6 million, with the offering led by National Bank Financial Inc. [1] Group 1: Offering Details - The offering is expected to close on or about January 23, 2026, pending approval by the TSX [2] - Preferred Shares are priced at $10.45 each, with a closing price of $10.53 on January 15, 2026 [2] - The net proceeds will be invested in a high-quality portfolio of dividend-yielding Canadian companies, including major banks and corporations [2] Group 2: Investment Objectives - The investment objectives for the Preferred Shares include providing holders with fixed, cumulative preferential monthly cash dividends of 7.00% annually based on the original $10 issue price [4] - On or about the termination date, currently set for December 1, 2029, the company aims to return the original $10 issue price to holders of the shares [4] Group 3: Regulatory Information - A prospectus supplement will be filed with securities commissions in all provinces of Canada, containing detailed information about the Preferred Shares and Class A Shares being offered [3] - No sales or acceptance of offers to buy the securities will occur until the prospectus supplement is filed [3]
Canadian Banc Corp. Completes Overnight Offering of $103,200,000
Globenewswire· 2026-01-16 13:27
Group 1 - The Company has completed an overnight offering of Preferred Shares, raising total gross proceeds of $103.2 million [1] - The Preferred Shares will trade on the Toronto Stock Exchange under the symbol BK.PR.A [1] - The offering was led by National Bank Financial Inc. [1] Group 2 - The net proceeds from the offering will be invested in a portfolio primarily consisting of six publicly traded Canadian banks: 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 [2] - The Company's investment objectives for the Preferred Shares include providing holders with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 1.50%, with a minimum annual rate of 5.0% and a maximum annual rate of 8.0% based on the original $10 issue price [3] - On or about the termination date, currently set for December 1, 2028, the Company will pay holders the original $10 issue price of those shares, subject to potential five-year extensions [3]
Dividend 15 Split Corp. Announces Overnight Offering of Preferred Shares
Globenewswire· 2026-01-15 20:20
Core Viewpoint - Dividend 15 Split Corp. is launching an offering of Preferred Shares to invest in a high-quality portfolio of dividend-yielding Canadian companies [1][3]. Group 1: Offering Details - The sales period for the Preferred Shares offering will end at 8:30 a.m. EST on January 16, 2026, with an expected closing date around January 23, 2026, pending TSX approval [2]. - The Preferred Shares will be priced at $10.45 each, while the closing price on January 14, 2026, was $10.52 [2]. Group 2: Dividend Information - Since its inception, the Company has paid a total of $11.75 per share in dividends on the Preferred Shares, all of which are tax-advantaged eligible Canadian dividends [3]. - The investment objectives for the Preferred Shares include providing fixed, cumulative preferential monthly cash dividends at an annual rate of 7.00% based on the original $10 issue price [4]. Group 3: Investment Portfolio - The proceeds from the offering will be used to invest in a portfolio of notable Canadian companies, including Bank of Montreal, Enbridge Inc., TC Energy, and others [3].