Canadian Banc Corp.
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- Canadian Banc Corp. (TSX: BK, OTC: CNDCF) is a closed-end investment corporation that provides monthly cash dividends to shareholders through an actively managed portfolio consisting primarily of common shares of six publicly traded Canadian chartered banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The company employs an active covered call writing program on some or all of the portfolio holdings to enhance income generation alongside dividend yields from the underlying bank stocks. It offers two classes of shares, including Class A shares focused on high monthly distributions and retractable preferred shares (TSX: BK.PR.A) that provide cumulative preferential floating rate monthly cash dividends at the Canadian prime rate plus 1.50% (minimum 5.0%, maximum 8.0% annually, based on a $10 issue price) with a targeted redemption at par value on or about December 1, 2028, subject to potential five-year extensions. Founded in 2005 and headquartered at 200 Front Street West, Suite 2510, Toronto, Ontario, Canada, the company operates in the financial services sector, targeting income-oriented investors seeking exposure to Canada's major banks. Managed by Quadravest Capital Management Inc., a subsidiary of Quadravest Inc., it maintains investment restrictions limiting holdings to equity and related securities of these banks, with performance benchmarked against indices like the S&P/TSX Financial Index. Geographic operations are concentrated in Canada, with shares listed on the Toronto Stock Exchange and U.S. over-the-counter markets. In October 2025, Canadian Banc Corp. completed an overnight public offering of 6,270,000 preferred shares at $10 each, raising gross proceeds of $62.7 million led by National Bank Financial Inc., with net proceeds deployed into its core bank portfolio. The company has periodically increased its monthly dividends, including raises to CAD 0.1505 per Class A share in recent announcements, reflecting strong portfolio income and covered call premiums amid stable bank sector performance. Effective June 2022, it discontinued service fee payments to dealers in response to regulatory changes, streamlining operations while maintaining its base management and administration fees for investment analysis, decision-making, and brokerage services.
Canadian Banc Corp. Announces TSX Acceptance of Normal Course Issuer Bid
Canadian Banc Corp. Announces Successful Overnight Offering of Preferred Shares
Canadian Banc Corp. Announces Overnight Offering of Preferred Shares
CORRECTION – Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share
Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share
Canadian Banc Corp. Announces Class A Share Split
CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share
30 Monthly-Paid Dividend Buys From April's Ideal Dogs
26 Ideal 'Safer' MoPay Buyable March Dividends From 81 Equities And 80 Funds
Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share
Canadian Banc Corp. Completes Overnight Offering of $103,200,000
Canadian Banc Corp. Announces Successful Overnight Offering of Preferred Shares
Canadian Banc Corp. Announces Overnight Offering of Preferred Shares
Canadian Banc Corp. Announces Class A Share Split
20 Ideal 'Safer' MoPay November Dividend Equities And 80 Funds To Buy
Canadian Banc Corp. Completes Overnight Offering of $62,700,000
26 Ideal 'Safer' MoPay October Dividend Equities And 80 Funds To Buy
Canadian Banc Corp. Announces Successful Overnight Offering of Preferred Shares
Canadian Banc Corp. Announces Overnight Offering of Preferred Shares
31 Ideal 'Safer' Monthly Paying September Dividend Stocks And 80 Funds