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 (3.00% as at October 15, 2010) 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. Distributions are payable November 10,
2010 to shareholders on record as of October 29, 2010.


Since inception Class A shareholders have received a total of $4.93 per share
and Preferred shareholders have received a total of $3.06 per share inclusive of
this distribution, for a combined total of $7.99 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)                         $ 0.06250
Preferred Share (BK.PR.A)                  $ 0.04167
Ex-Dividend Date:                   October 27, 2010
Record Date:                        October 29, 2010
Payable Date:                      November 10, 2010
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