C.A. Bancorp Inc.

C.A. Bancorp Inc.

August 21, 2007 09:00 ET

C.A. Bancorp Inc. (TSX:BKP) Announces Mortgage Broker License and Registration as Investment Counsel and Portfolio Manager

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2007) - C.A. Bancorp Inc. ("C.A. Bancorp")(TSX:BKP) is pleased to announce that C.A. Bancorp Realty Finance Inc. ("C.A. Bancorp Realty Finance"), a wholly owned subsidiary of C.A. Bancorp, has received its Mortgage Broker License from the Financial Services Commission of Ontario. The Mortgage Broker License allows C.A. Bancorp Realty Finance to assist its commercial real estate clients with both senior and mezzanine debt along with high-yielding loans that C.A. Bancorp intends to make in commercial and industrial real estate.

C.A. Bancorp Realty Finance provides fee-based, structured, and client-focused commercial real estate finance solutions tailored to the requirements of each transaction and aligned with its clients' overall investment criteria.

C.A. Bancorp Realty Finance is managed by Michael Lovett, Managing Director of Real Estate Capital at C.A. Bancorp. Mr. Lovett has over 25 years of experience in commercial real estate financing in both construction and term lending. C.A. Bancorp Realty Finance is able to leverage its long-term relationships with lenders to find the best debt solution, on the best terms for its clients. C.A. Bancorp Realty Finance has access to a wide array of both traditional and non-traditional lenders, in the private and public arenas, many of whom are not available directly to borrowers.

C.A. Bancorp Realty Finance has recently arranged, on behalf of its clients, the following commercial real estate financing:

- First mortgage on a 50% undivided interest in an 81,713 sq ft shopping centre in St. Jacobs, Ontario;

- Land servicing facility for a 430,000 sq. ft. retail centre in Kingston, Ontario;

- Construction facility for a 107,000 sq. ft. factory outlet centre in Kingston, Ontario;

- Renovation facility for an 81,064 sq. ft. retail strip plaza in Kingston, Ontario;

- Term-loan facility for a free-standing grocery store in Collingwood, Ontario;

- Construction facility for a 31,000 sq. ft. retail plaza in Orillia, Ontario with Giant Tiger as the anchor;

- Construction and term loan for a 100,000 sq. ft. multi-tenant industrial building in Burlington, Ontario.

In addition, C.A. Bancorp Ltd., a wholly owned subsidiary of C.A. Bancorp, received approval from the Ontario Securities Commission registering C.A. Bancorp as an Investment Counsel and Portfolio Manager ("ICPM"); adding to its existing registration as a Limited Market Dealer ("LMD"). With its ICPM registration, C.A. Bancorp will be able to act as an investment manager for any public investment vehicles ("Funds") that it is the manager for.

C.A. Bancorp believes that raising and managing Funds is an integral component of its business model. Through the management of such Funds, C.A. Bancorp can earn recurring operating income from fund management fees, as well as, in certain cases, performance fees.

C.A. Bancorp currently manages Sentry Select Total Strategy Fund ("Total Strategy Fund")(TSX:TSF.UN), a long-short public equity fund with a private equity component of up to 25% of the net assets. Total Strategy Fund has over $50 million in net assets.

C.A. Bancorp Inc.

C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and asset manager that provides investors with access to a range of private equity and alternative asset class investment opportunities, typically available only to institutional and high-net-worth investors. The Company 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 news release contains "forward-looking statements" relating to C.A. Bancorp's intentions. Forward-looking statements involve known or unknown risks, uncertainties and other factors, which may cause the actual performance or achievements of C.A. Bancorp to be materially different from those projected by such forward-looking statements. Among others, such factors include uncertainty with respect to the availability of investment opportunities and competition for investments.

Forward-looking statements contained herein are made as of the date hereof and are based on the opinions of management based on information available to management as of such date, and, except as may be required by applicable securities laws, C.A. Bancorp disclaims any obligation to update any forward-looking statements, whether as a result of new information, changes to C.A Bancorp's investment plan, future events or results or otherwise.

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

Contact Information

  • C.A. Bancorp Realty Finance
    Michael Lovett
    (416) 214-5985 ext. 619
    Email: mlovett@cabancorp.com
    For further information about C.A. Bancorp
    or its ICPM registration:
    Mark Gardhouse
    (416) 214-5985
    For further information about C.A. Bancorp
    or its ICPM registration:
    Paolo De Luca
    Chief Financial Officer
    (416) 214-5985