Canadian Banc 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 April 13, 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 May 10, 2012 to shareholders on
record as of April 30, 2012.


Since inception Class A shareholders have received a total of $6.02 per share
and Preferred shareholders have received a total of $3.91 per share inclusive of
this distribution, for a combined total of $9.83 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:                                    April 26, 2012    
    Record Date:                                         April 30, 2012    
    Payable Date:                                          May 10, 2012
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