Canadian Banc Announces Overnight Offering of Preferred and Class A Shares
Bitget2026/10/14 19:17- Canadian Banc will undertake an overnight offering of Preferred Shares and Class A Shares, led by National Bank Financial.
- Preferred Shares will be offered at $10.35 each; Class A Shares will be priced at $15.40 each.
- The sales period ends at 8:30 a.m. Toronto time on October 15, 2026.
- Closing is expected on or about October 22, 2026, subject to conditions including TSX approval.
- Net proceeds will fund investments in a portfolio consisting primarily of six publicly traded Canadian banks.
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