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Canadian Banc Corp. Announces Class A Share Split
Globenewswire· 2025-12-09 22:28
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]
Graphano Announces Five-for-One Share Split
Newsfile· 2025-08-01 12:30
Core Points - Graphano Energy Ltd. has announced a forward split of its common shares, where one existing share will be split into five new shares [1][2] - The company currently has 17,188,268 common shares outstanding, which will increase to approximately 85,941,340 shares post-split [3] - The share split aims to enhance liquidity and broaden the investor base by making shares more accessible [6] Company Overview - Graphano Energy Ltd. is focused on exploring and developing energy metals resources, transitioning from exploration to production [7] - The company’s Lac Aux Bouleaux property is located near Canada’s only producing graphite mine, highlighting its strategic position in the graphite market [8] - The demand for graphite is increasing due to its essential role in technologies such as lithium batteries for electric vehicles and energy storage solutions [8]
Partners Value Investments L.P. Announces Ten-For-One Unit Split
Globenewswire· 2025-07-04 10:50
Core Points - Partners Value Investments L.P. and Partners Value Investments Inc. announced a ten-for-one unit and share split to enhance liquidity and accessibility for individual holders [1][2][3] - The splits will not alter the rights of holders or their proportionate ownership in the Partnership or PVII [3] - The additional units and shares will be issued to holders of record on August 5, 2025, with trading on a "due bill" basis starting on that date [4][5] Group 1 - The unit split will result in 705,581,200 Equity Units and 27,860,580 Exchangeable Shares outstanding post-split [4] - The exercise price for Exchangeable Shares will adjust from C$29.34 to C$2.93 following the share split [7] - There were 70,558,120 Equity Units and 2,786,058 Exchangeable Shares issued and outstanding as of July 2, 2025 [4] Group 2 - The splits are designed to improve liquidity and accessibility for individual investors [3] - Holders do not need to take any action as the additional units and shares will be electronically registered [6] - The adjustment to the warrants will not be taxable for holders for Canadian and US tax purposes [7]