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Canadian Banc Corp Class A ( (TSE:BK) ) has shared an announcement.
Canadian Banc Corp. has announced a share split for its Class A shares, reflecting the company’s strong performance. Shareholders will receive 10 additional shares for every 100 held, with the split subject to TSX approval. The split is non-taxable and aims to enhance liquidity and marketability of the shares. This move is expected to impact the net asset value per unit by the end of December 2025, and shareholders will continue to receive monthly cash distributions.
More about Canadian Banc Corp Class A
Canadian Banc Corp. operates within the financial industry, focusing on investments in a portfolio of six major publicly traded Canadian banks. The company aims to generate returns through dividend income and a selective covered call writing program.
YTD Price Performance: 57.83%
Average Trading Volume: 173,786
For detailed information about BK stock, go to TipRanks’ Stock Analysis page.