TORONTO, ONTARIO -- (Marketwire) -- 06/20/12 -- Canadian Banc Corp ("The Company") declares its regular monthly distribution of $0.05313 (4.25% annualized based on the original issue price of $15.00 per share) for each Class A share. The rate reflects the distribution policy of Canadian prime rate (3.00% as at June 15, 2012) plus 1.25% annually. The Company also declares its regular monthly distribution of $0.04167 (5.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. An annual Class A payment of 4.25% and a Preferred share payment of 5.00% are the minimum payments as per the distribution policy. Distributions are payable July 10, 2012 to shareholders on record as of June 29, 2012.

Since inception Class A shareholders have received a total of $6.13 per share and Preferred shareholders have received a total of $3.89 per share inclusive of this distribution, for a combined total of $10.02 per share.

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)            $0.05313
Preferred Share (BK.PR.A)     $0.04167
Ex-Dividend Date:             June 27, 2012
Record Date:                  June 29, 2012
Payable Date:                 July 10, 2012