Canadian Banc Corp. At-The-Market Equity Program Renewed

TORONTO, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the “Company’) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until June 18, 2025, unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated January 19, 2024 with National Bank Financial Inc. (the “Agent”).

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