Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share

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TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.10175 for each Class A share and $0.04167 for each Preferred share. Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021. Under the distribution policy announced in September 2013, 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 sha