TORONTO, ONTARIO -- (Marketwire) -- 02/19/13 -- 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 February 15, 2013) 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 March 8, 2013 to shareholders on record as of February 28, 2013.

Since inception Class A shareholders have received a total of $6.55 per share and Preferred shareholders have received a total of $4.23 per share inclusive of this distribution, for a combined total of $10.78 per unit.

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:                             February 26, 2013             
Record Date:                                  February 28, 2013             
Payable Date:                                 March 8, 2013