On October 2, 2025, Canadian Banc Corp. announced a public offering of up to 6,000,000 Preferred Shares at $10.45 per share, for a maximum transaction value of $62,700,000. The offering was conducted under an agency agreement dated October 2, 2025, with Quadravest Capital Management Inc. as manager and a syndicate of leading Canadian investment dealers, including National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., and others.

The Preferred Shares, listed on the Toronto Stock Exchange under the symbol BK.PR.A, were offered at a price to yield 6.2%. The offering closed on or about October 9, 2025, following the completion of the overnight marketing period. Net proceeds of $62.7 million will be used to invest in a portfolio primarily comprising six major 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.

The Preferred Shares provide holders with cumulative preferential floating rate monthly cash dividends based on the Canadian prime rate plus 1.50%, with a minimum annual rate of 5.0% and a maximum of 8.0%. Shares are scheduled for redemption at the original $10 issue price on or about December 1, 2028, subject to extensions.

Legal counsel was provided by Blake, Cassels & Graydon LLP for Canadian Banc Corp. and McCarthy Tétrault LLP for the agents.