C.A. Bancorp Inc.

C.A. Bancorp Inc.

August 27, 2010 08:00 ET

C.A. Bancorp Inc. Completes Disposition of Its Interests in Bermingham, Kingswood and Windward

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2010) -   C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) has completed the previously announced dispositions of its interests in Bermingham Foundation Solutions ("Bermingham"), Kingswood Drive Kitchener Limited Partnership ("Kingswood") as well as the sale of its interest in Windward Telecom Inc. ("Windward") for aggregate proceeds of approximately $18.4 million (collectively, the "Transactions").

The Company completed the sale of its interest in Bermingham for $11.5 million. C.A. Bancorp received $11.3 million on closing and will receive $0.2 million on September 30, 2010.

The Company completed the sale of its interest in Kingswood for $6.7 million.

Finally, the Company completed the sale of its wholly-owned subsidiary C.A. Bancorp Telecom Inc. which held the Company's interest in Windward for $0.16 million.

The Transactions are in furtherance of the Company's realization strategy.

C.A. Bancorp Inc.  

C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.  

This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will provide to be correct. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors published in the Company's most recent management discussion and analysis and, with respect to the realization strategy, its directors circular, both of which are available at www.sedar.com.

C.A. Bancorp Inc.
The Exchange Tower
130 King Street West
Suite 2810, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 861-8166

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