BK Canadian Banc Corp

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 December
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 January 10, 2012 to shareholders on record
as of December 30, 2011.


Since inception Class A shareholders have received a total of $5.80 per share
and Preferred shareholders have received a total of $3.65 per share inclusive of
this distribution, for a combined total of $9.45 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 28, 2011                          
Record Date:                     December 30, 2011                          
Payable Date:                    January 10, 2012

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