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Canadian Banc Corp.: Monthly Dividend Declared for Class A and Preferred Share

TORONTO, ONTARIO -- (Marketwired) -- 07/18/14 -- Canadian Banc Corp. ("the Company") declares its monthly distribution of $0.10900 for each Class A share and $0.04167 for each Preferred share. Distributions are payable August 8, 2014 to shareholders on record as of July 31, 2014.

Since the Company implemented a change in its distribution policy in September 2013, the distribution to Class A shareholders has increased more than 100%. The monthly dividend payable on the Class A shares is determined by applying a 10% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 3 trading days of the preceding month. As a result, Class A shareholders of record on July 31, 2014 will receive a dividend of $0.10900 per share based on the VWAP of $13.08 over the last 3 trading days in June, payable on August 8, 2014. The yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Preferred shareholders continue to receive prime plus 0.75% with a minimum rate of 5%.

Since inception Class A shareholders have received a total of $7.97 per share and Preferred shareholders have received a total of $4.94 per share inclusive of this distribution, for a combined total of $12.91 per unit.

The Company invests in a portfolio of six publicly traded Canadian Banks as follows: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, Toronto- Dominion Bank. Shares held within the portfolio are expected to range between 5-20% in weight but may vary at any time. To generate additional returns above the dividend income earned on the portfolio, The Company will engage in a selective covered call writing program.


Distribution Details:
Class A Share (BK)              $0.10900
Preferred Share (BK.PR.A)       $0.04167
Ex-Dividend Date:               July 29, 2014
Record Date:                    July 31, 2014
Payable Date:                   August 8, 2014

Contacts:
Canadian Banc Corp.
Investor Relations
416-304-4443 or toll free: 1-877-4-Quadra (1-877-478-2372)
www.canadianbanc.com

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