ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

BK.PR.A Canadian Banc Corp

10.04
-0.03 (-0.30%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Canadian Banc Corp TSX:BK.PR.A Toronto Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.03 -0.30% 10.04 10.04 10.05 10.05 10.02 10.02 65,229 20:54:13

Canadian Banc Corp. Announces Pricing of Treasury Offering

27/02/2014 1:00pm

Marketwired Canada


Canadian Banc Corp. (the "Company') is pleased to announce that the treasury
offering of units has been priced at $12.90 per Class A share and $10.35 per
Preferred share.


The Company invests in a portfolio of common shares of the six largest Canadian
Banks as follows:




    Bank of Montreal     Canadian Imperial Bank of   Royal Bank of Canada   
                                 Commerce                                   
                                                                            
The Bank of Nova Scotia   National Bank of Canada  The Toronto-Dominion Bank



The sales period of this offering is expected to end at 12:00 p.m. EST on
February 28, 2014. The offering is expected to settle on or about March 7, 2014.
        


The syndicate of agents consists of National Bank Financial Inc., CIBC, RBC
Capital Markets, TD Securities Inc., BMO Capital Markets, GMP Securities L.P.,
Canaccord Genuity Corp., Desjardins Securities Inc., Mackie Research Capital
Corporation, Manulife Securities Incorporated and Raymond James Ltd.


The Company intends to file a final short form prospectus in each of the
provinces of Canada with respect to the offering. A preliminary short form
prospectus containing important information relating to the units has been filed
and is still subject to completion or amendment. A copy of the preliminary short
form prospectus may be obtained from any of the agents listed above. Investors
should read the short form prospectus before making an investment decision. The
prospectus contains detailed information about the securities being offered.
There will not be any sale of the units until a receipt for the final prospectus
has been issued.


Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. Please read the Company's
publically filed documents which are available at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Banc Corp.
Investor Relations
416-304-4443 or Toll free: 1-877-4-Quadra (1-877-478-2372)
www.primerateplus.com

1 Year Canadian Banc Chart

1 Year Canadian Banc Chart

1 Month Canadian Banc Chart

1 Month Canadian Banc Chart