Canadian Banc Corp.
BK.TO
Toronto Stock Exchange16.43
CAD
-0.07
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Canadian Banc Corp.
BK.TO
(Toronto Stock Exchange)
Recent
price
16.43
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Canadian Banc Corp. is a Canadian-based closed-end investment fund that invests in an actively managed portfolio of common shares primarily consisting of six major publicly traded Canadian chartered banks, including 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; it employs an active covered call writing program to enhance income generated from the portfolio and benchmarks performance against the S&P/TSX Financial Index. The fund offers two classes of floating rate securities, Class A shares (BK.TO) providing leveraged exposure for investors seeking high monthly distributions and Preferred Shares (BK.PR.A) targeting stable monthly dividends with capital preservation. Managed by Quadravest Capital Management Inc. and domiciled in Toronto, Ontario, where it maintains headquarters at 200 Front Street West Suite 2510, the company was formed on May 25, 2005, formerly as Canadian Banc Recovery Corp., and operates within the financial services sector focused on Canada's banking industry for institutional and retail investors pursuing dividend income and capital appreciation. In October 2025, Canadian Banc Corp. completed an overnight offering of Preferred Shares raising gross proceeds of $62.7 million led by National Bank Financial Inc., with net proceeds deployed into its core bank portfolio; the fund also executed a 11-for-10 stock split on September 26, 2025, alongside maintaining robust profitability with annual net income of $185 million and a forward dividend yield exceeding 11%.