Canadian Banc Recovery Corp: Regular Monthly Dividend Declaration for Class A and Preferred Share

Canadian Banc Recovery Corp ("The Company") declares its regular monthly
distribution of $0.06250 (5.00% annualized) for each Class A share which
reflects the distribution policy of prime rate in Canada (3.00% as at November
15, 2011) plus 2% 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 and Preferred share payment of 5.00% is the minimum payment as per the
prospectus. Distributions are payable December 9, 2011 to shareholders on record
as of November 30, 2011.


Since inception Class A shareholders have received a total of $5.74 per share
and Preferred shareholders have received a total of $3.61 per share inclusive of
this distribution, for a combined total of $9.35 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):             $0.06250                                   
Preferred Share (BK.PR.A):      $0.04167                                   
Ex-Dividend Date:               November 28, 2011                          
Record Date:                    November 30, 2011                          
Payable Date:                   December 9, 2011

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