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Canadian Banc Corp. to make normal course issuer bid

Stock Buybacks theme with US shipping port

Melpomenem

  • Canadian Banc Corp. (TSX:BK:CA) said on Thursday that it intends to make a normal course issuer bid to purchase its preferred shares and class A shares, commencing from May 29.
  • The Toronto Stock Exchange has accepted the company's notice of intention.
  • Canadian Banc proposes to purchase up to 2.23M preferred shares and 2.20M class A shares, representing 10% of the public float of the preferred and class A shares.
  • The company has said it will not purchase more than 445.8K preferred shares and more than 441.6K class A shares on any given day.
  • Source: Press Release

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