Canadian Banc Recovery 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, 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 November 10, 2011 to shareholders on
record as of October 31, 2011.


Since inception Class A shareholders have received a total of $5.68 per share
and Preferred shareholders have received a total of $3.56 per share inclusive of
this distribution, for a combined total of $9.24 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, 2011              
Record Date:                                  October 31, 2011              
Payable Date:                                 November 10, 2011
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