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 October 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 November 9, 2012 to shareholders
on record as of October 31, 2012.


Since inception Class A shareholders have received a total of $6.34 per share
and Preferred shareholders have received a total of $4.06 per share inclusive of
this distribution, for a combined total of $10.40 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:             October 29, 2012                              
Record Date:                  October 31, 2012                              
Payable Date:                 November 9, 2012

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