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Stock impact report

Canadian Banc Corp. Announces Class A Share Split [Canadian Business Journal (Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
TORONTO, Dec. 09, 2025 (GLOBE NEWSWIRE) — Canadian Banc Corp. (the “Company”) is pleased to announce its intention to complete a share split of its Class A shares (the “Share Split”) due to the Company’s strong performance. The Class A shareholders of record at the close of business on December 16, 2025 will receive 10 additional Class A shares for every 100 Class A shares held, pursuant to the Share Split. The Share Split is subject to approval by the Toronto Stock Exchange (the “TSX”).Class A shareholders will continue to receive monthly cash distributions targeted to be at the rate of 15% annualized based on the volume weighted average market price of the Class A shares for the last 3 trading days of the preceding month following the Share Split. Since inception, Class A shareholders have received cash distributions of $24.60 per share.The Class A shares are expected to commence trading on an ex-split basis at the opening of trading on December 16, 2025. No fractional Class A share Show less Read more
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