BK Canadian Banc Corp

Canadian Banc Corp. ("the Company") declares its monthly distribution of
$0.10900 for each Class A share and $0.04167 for each Preferred share.
Distributions are payable August 8, 2014 to shareholders on record as of July
31, 2014.


Since the Company implemented a change in its distribution policy in September
2013, the distribution to Class A shareholders has increased more than 100%. 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 shares over the last 3 trading days of the preceding month. As a result, Class
A shareholders of record on July 31, 2014 will receive a dividend of $0.10900
per share based on the VWAP of $13.08 over the last 3 trading days in June,
payable on August 8, 2014. The yield will remain stable at 10% (based on the
VWAP) under this distribution policy.


Preferred shareholders continue to receive prime plus 0.75% with a minimum rate
of 5%.


Since inception Class A shareholders have received a total of $7.97 per share
and Preferred shareholders have received a total of $4.94 per share inclusive of
this distribution, for a combined total of $12.91 per unit.


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)              $0.10900                        
Preferred Share (BK.PR.A)       $0.04167                        
Ex-Dividend Date:               July 29, 2014                   
Record Date:                    July 31, 2014                   
Payable Date:                   August 8, 2014                  



FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Banc Corp.
Investor Relations
416-304-4443 or toll free: 1-877-4-Quadra (1-877-478-2372)
www.canadianbanc.com

Canadian Banc (TSX:BK)
Historical Stock Chart
From Mar 2024 to Apr 2024

Canadian Banc (TSX:BK)
Historical Stock Chart
From Apr 2023 to Apr 2024