Description

Canadian Banc Corp. is a Canadian closed-end split share corporation managed by Quadravest Capital Management Inc. that holds a concentrated portfolio of common shares in six major Canadian banks: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, and Toronto-Dominion Bank. The company issues both Class A shares and preferred shares, using the structure to provide Class A shareholders with regular monthly cash distributions and capital appreciation potential, while preferred shareholders receive fixed cumulative dividends. It also runs a selective covered call writing program on portfolio holdings to generate additional income.