BK Canadian Banc Corp

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 August 15, 2011) 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 September 9, 2011 to shareholders on record as of August 31, 2011.

Since inception Class A shareholders have received a total of $5.56 per share and Preferred shareholders have received a total of $3.48 per share inclusive of this distribution, for a combined total of $9.04 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:                                           August 29, 2011

Record Date:                                                August 31, 2011

Payable Date:                                             September 9, 2011

Contacts: Canadian Banc Recovery Corp 416-304-4443 Investor Relations Toll free at 1-877-4-Quadra (1-877-478-2372) www.primerateplus.com