On January 19, 2024, Canadian Banc Corp. launched a $280 million at-the-market (ATM) offering, consisting of $140 million in Preferred Shares (BK.PR.A) and $140 million in Class A Shares (BK). The shares will be issued through National Bank Financial Inc. as the exclusive agent, trading on the Toronto Stock Exchange at market prices. Proceeds will be used for investment purposes in line with the company’s strategy. The preferred shares received a Pfd-3 (low) rating from DBRS.

Blake, Cassels & Graydon LLP advised Canadian Banc Corp., while Osler, Hoskin & Harcourt LLP acted as counsel to National Bank Financial.