Canadian Banc Corp.: Further 13.26% Increase to Monthly Dividend for Class A Share

On September 17, 2013, Canadian Banc Corp. ("the Company") announced a change in
the distribution policy to the Class A shares that resulted in an immediate
increase of over 42% to the monthly dividend. The Company is pleased to announce
a further 13.26% increase to the monthly distribution under the new distribution
policy due to the increased market price of the Company's Class A share. The
dividend for October will be $0.08608 per share.


Under the new distribution policy, the monthly dividend payable on the Class A
shares will be determined by applying a 10% annualized rate on the volume
weighted average market price of the Class A shares over the last 3 trading days
of the preceding month. As a result, Class A shareholders of record on October
31, 2013 will receive a dividend of $0.08608 per share based on the average
volume weighted trading market price of $10.33 over the last 3 trading days in
September, payable on November 8, 2013. Effectively, the actual amount of
monthly distributions paid will vary with the market price, but the current
yield will remain stable at 10% under this new distribution policy.


There will be no changes to the Preferred Share dividend policy or the Class A
dividend threshold policy. Preferred shares will continue to receive prime plus
0.75% with a minimum rate of 5%.


Since inception Class A shareholders have received a total of $7.03 per share
and Preferred shareholders have received a total of $4.56 per share inclusive of
this distribution, for a combined total of $11.59 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)                    $0.08608                              
Preferred Share (BK.PR.A)             $0.04167                              
Ex-Dividend Date:                     October 29, 2013                      
Record Date:                          October 31, 2013                      
Payable Date:                         November 8, 2013                      



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