Canadian Banc Recovery Corp (formerly Prime Rate Plus Corp) ("The Company")
declares its regular monthly distribution of $0.06250 (5.00% annualized) for
each Class A share which reflects the distribution policy of prime rate in
Canada (2.25% as at July 15, 2009) plus 2% 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 and Preferred share payment of 5.00% is the minimum
payment as per the prospectus and the rate will not decline below this level.
Distributions are payable August 10, 2009 to shareholders on record as of July
31, 2009.


Since inception Class A shareholders have received a total of $3.99 per share
and Preferred shareholders have received a total of $2.44 per share inclusive of
this distribution, for a combined total of $6.43 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, Prime Plus will engage in a selective covered
call writing program.




Distribution Details:

Class A Share (BK)                        $0.06250

Preferred Share (BK.PR.A)                 $0.04167

Ex-Dividend Date:                         July 29, 2009

Record Date:                              July 31, 2009

Payable Date:                             August 10, 2009
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