Canadian Banc Corp. announced a public offering of up to 10 million Preferred Shares at $10.32 per share on January 9, 2026, aiming to raise a maximum of $103.2 million. The offering is being conducted on a best efforts basis through a syndicate of agents including National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., Canaccord Genuity Corp., BMO Nesbitt Burns Inc., Hampton Securities Limited, RBC Dominion Securities Inc., TD Securities Inc., and several other financial institutions. The agents will receive a fee of $0.3096 per Preferred Share, totaling $3,096,000. Net proceeds to the company are expected to be $100,104,000 after deducting agents' fees and estimated expenses of $104,000.

Blake, Cassels & Graydon LLP is serving as legal counsel to the company, while McCarthy Tétrault LLP is advising the agents. The offering is being conducted under a prospectus supplement to the company's short form base shelf prospectus dated June 18, 2025. The Preferred Shares are listed on the Toronto Stock Exchange under the symbol "BK.PR.A" and are rated Pfd-3 (low) by DBRS. The closing is expected to occur on or about January 16, 2026. Canadian Banc Corp., managed by Quadravest Capital Management Inc., is a mutual fund corporation that invests in an actively managed portfolio of common shares of publicly traded Canadian banks. As at December 31, 2025, the Net Asset Value per Unit was $23.86.