BK Canadian Banc Corp

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 May 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 June 8, 2012 to shareholders on record as of May 31,
2012.


Since inception Class A shareholders have received a total of $6.07 per share
and Preferred shareholders have received a total of $3.86 per share inclusive of
this distribution, for a combined total of $9.93 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:                                  May 29, 2012             
Record Date:                                       May 31, 2012             
Payable Date:                                      June 8, 2012

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