Under the distribution policy announced
There were no changes to the Preferred Share dividend policy or the Class A dividend threshold policy. Preferred shares continue to receive prime plus 0.75% with a minimum rate of 5%.
Since inception Class A shareholders have received a total of
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)
$0.10950Preferred Share (BK.PR.A) $0.04167Ex-Dividend Date: June 26, 2014Record Date: June 30, 2014Payable Date: July 10, 2014FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations 416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372) www.canadianbanc.com Source: Canadian Banc Corp.