C.A. Bancorp Inc.
TSX : BKP

C.A. Bancorp Inc.
C.A. Bancorp Canadian Realty Finance Corporation
TSX : RF.PR.A

March 24, 2008 15:29 ET

C.A. Bancorp Canadian Realty Finance Corporation (TSX:RF.PR.A) Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - March 24, 2008) - C.A. Bancorp Canadian Realty Finance Corporation (the "Corporation") (TSX:RF.PR.A), announced today that it intends to purchase up to 145,760 of the preference shares, series 1 of the Corporation (the "Shares") for cancellation by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange (the "TSX"). The 145,760 Shares represent approximately 10% of the public float of the Corporation. As of March 20, 2008, 1,540,000 Shares are issued and outstanding. The public float of 1,457,600 Shares has been calculated as the currently issued and outstanding Shares, excluding those Shares that are owned and controlled by the Corporation, the principal securityholders of the Corporation or the directors and senior officers of the Corporation and excluding those Shares that are pooled, escrowed or non-transferable.

The purchases may commence on March 26, 2008 and will terminate on March 25, 2009, or on such earlier date as the Corporation may complete its purchase or provide notice of termination. Any such purchases will be made by the Corporation at the prevailing market price at the time of such purchases in accordance with the requirements of the TSX.

If Shares are offered on the TSX at prices that are less than or equal to $25.00, the Corporation may offer to purchase such Shares, if it determines that such purchases are in the best interests of shareholders, and subject to compliance with the applicable regulatory requirements and limitations.

The Corporation will not purchase in any 30 day period more than 30,800 Shares, being 2% of the issued and outstanding Shares as at the date of acceptance of the notice of the normal course issuer bid by the TSX.

The Corporation has not purchased any of its Shares in the last 12 months prior to the date of this Notice.

To the knowledge of the Corporation, no director, senior officer or other insider of the Corporation intends at present to sell any Shares under this bid. However, sales by such persons through the facilities of the TSX or elsewhere may occur if the circumstances or decisions of any such person change. The benefits to any such person whose Shares are purchased would be the same as the benefits available to all other holders whose Shares are purchased.

The Corporation

The Corporation has been created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and mortgages in the Canadian commercial real estate sector on a tax efficient basis.

C.A. Bancorp Inc. (TSX:BKP)

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.

Certain statements included in this news release constitute forward looking statements including statements identified by the words "plan", "will" and "intend" and similar expressions or the negative thereof. The forward looking statements are not historical facts but reflect the Corporation's current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations including but not limited to the potential for the Corporation to make purchases pursuant to the normal course issuer bid. Readers are cautioned not to place undue reliance on forward-looking information. The Corporation undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information except as required by law.



The Exchange Tower
130 King Street West
Suite 2810, P.O. Box 104
Toronto, Ontario M5X 1A4

Contact Information