Canadian Banc Corp corrects May dividend to $0.169 per Class A share after share split adjustment

Canadian Banc Corp corrected its May 29, 2026 dividend for Class A shares to $0.16900 per share from the previously announced $0.18588, due to an adjustment for a recent 1.1-for-1 share split. The dividend is based on 15% of the adjusted volume weighted average price (VWAP) of the last three trading days of April. Preferred shares will receive $0.04958 per share. Distributions are payable on June 10, 2026, to shareholders of record on May 29, 2026. The company maintains a stable 15% yield policy for Class A shares and invests in six major Canadian banks, using a covered call strategy to enhance returns.