Canadian Banc Corp.

Split Shares & Funds

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Canadian Banc Corp. (formerly Canadian Banc Recovery Corp. and Prime Rate Plus Corp.) is a split share corporation that acquired a portfolio of common shares of the six largest Canadian banks by issuing preferred shares and Class A shares. The preferred shares rank in priority to the Class A shares with respect to the payment of dividends and the repayment of capital upon the termination of the corporation.

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