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


Since inception Class A shareholders have received a total of $6.39 per share
and Preferred shareholders have received a total of $4.10 per share inclusive of
this distribution, for a combined total of $10.49 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:                November 28, 2012                          
Record Date:                     November 30, 2012                          
Payable Date:                    December 10, 2012                          



FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Banc Corp
Investor Relations
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)
www.primerateplus.com

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