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 December 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 January 10,
2011 to shareholders on record as of December 31, 2010.


Since inception Class A shareholders have received a total of $5.05 per share
and Preferred shareholders have received a total of $3.15 per share inclusive of
this distribution, for a combined total of $8.20 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:             December 29, 2010                          
Record Date:                  December 31, 2010                          
Payable Date:                 January 10, 2011
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