BK Canadian Banc Corp

Canadian Banc Recovery Corp ("The Company") declares its regular monthly
distribution of $0.05313 (4.25% annualized based on the original issue price of
$15.00 per share) for each Class A share. The rate reflects the distribution
policy of Canadian prime rate (3.00% as at February 15, 2012) plus 1.25%
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 payment of 4.25% and
a Preferred share payment of 5.00% are the minimum payments as per the
distribution policy. Distributions are payable March 9, 2012 to shareholders on
record as of February 29, 2012.


Since inception Class A shareholders have received a total of $5.91 per share
and Preferred shareholders have received a total of $3.73 per share inclusive of
this distribution, for a combined total of $9.64 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)                                  $0.05313
Preferred Share (BK.PR.A)                           $0.04167
Ex-Dividend Date:                          February 24, 2012
Record Date:                               February 29, 2012
Payable Date:                                  March 9, 2012

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