On June 19, 2025, Canadian Banc Corp. announced an at-the-market (“ATM”) distribution of up to $175 million in Preferred Shares and up to $175 million in Class A Shares, for a total potential aggregate market value of $350 million. The offering was made pursuant to a prospectus supplement to the company’s short form base shelf prospectus dated June 18, 2025. The Preferred Shares and Class A Shares trade separately on the Toronto Stock Exchange under the symbols “BK.PR.A” and “BK”, respectively.

Sales of shares under the ATM program will be conducted by National Bank Financial Inc., which acts as the sole agent under the equity distribution agreement dated June 19, 2025. Compensation to the agent is up to 2.5% of the gross sales price per share sold. The company expects to use the net proceeds for investment purposes consistent with its stated objectives, investing primarily in a portfolio of publicly traded Canadian bank shares.

Blake, Cassels & Graydon LLP provided legal counsel to Canadian Banc Corp., while Osler, Hoskin & Harcourt LLP acted as legal counsel to the agent. The Toronto Stock Exchange has conditionally approved the listing of the additional shares, subject to fulfillment of its listing requirements. There is no minimum amount that must be raised under the offering.