Canadian Banc Corp. Announces Pricing of Treasury Offering
February 27 2014 - 9:00AM
Marketwired
Canadian Banc Corp. Announces Pricing of Treasury Offering
TORONTO, ONTARIO--(Marketwired - Feb 27, 2014) - 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 Commerce |
Royal Bank of Canada |
|
|
|
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.
Canadian Banc Corp.Investor Relations416-304-4443 or Toll free:
1-877-4-Quadra (1-877-478-2372)www.primerateplus.com
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