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 (3.00% as at September 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. Distributions are payable October 8, 2010
to shareholders on record as of September 30, 2010. 


Since inception Class A shareholders have received a total of $4.87 per share
and Preferred shareholders have received a total of $3.02 per share inclusive of
this distribution, for a combined total of $7.89 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:               September 28, 2010                          
Record Date:                    September 30, 2010                          
Payable Date:                   October 8, 2010