Canadian Banc Corp. completed an overnight offering of preferred shares, raising $103.3 million. The funds will be invested in a portfolio of six major publicly traded Canadian banks, including Bank of Montreal and Royal Bank of Canada. The preferred shares offer holders floating rate monthly dividends tied to the Canadian prime rate plus 1.50%, with a minimum annual rate of 5% and a maximum of 8%. The shares are set to trade on the Toronto Stock Exchange under the symbol BK.PR.A, with a planned termination date around December 1, 2028, subject to extensions.
Alterra IOS, a leader in industrial outdoor storage (IOS), secured a $244 million loan from Blackstone Real Estate Debt Strategies to support its growing platform. The loan covers 37 properties across 27 U.S. markets, totaling 165 acres and 806,000 s...
Donaldson and Lowe's raised their dividends by 6.67% and 4.17% respectively, signaling confidence in their earnings. Canadian banks BMO, Royal Bank of Canada (RY), and Toronto-Dominion Bank (TD) also announced modest dividend hikes, though their stoc...
