Canadian Banc Corp. declares its monthly distribution of $0.16838 for each Class A share. Distributions are payable January 10, 2023 to shareholders on record as at December 30, 2022.

Under the distribution policy announced in November 2021, the monthly dividend payable on the Class A shares is determined by applying a 15% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 3 trading days of the preceding month. As a result, Class A shareholders of record on December 30, 2022 will receive a dividend of $0.16838 per share based on the VWAP of $13.47 payable on January 10, 2023. The yield will remain stable at 15.00% (based on the VWAP) under this distribution policy.