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

Canadian Banc Recovery Corp (formerly Prime Rate Plus 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 (2.25% as at March 15, 2010) 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 and the rate will not decline below this level.
Distributions are payable April 9, 2010 to shareholders on record as of March
31, 2010. 


Since inception Class A shareholders have received a total of $4.49 per share
and Preferred shareholders have received a total of $2.77 per share inclusive of
this distribution, for a combined total of $7.26 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, Prime Plus 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:              March 29, 2010                
Record Date:                   March 31, 2010                
Payable Date:                  April 9, 2010