ROC Pref Corp.

March 11, 2005 16:54 ET

ROC Pref Corp. Announcement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ROC PREF CORP.

TSX SYMBOL: PRF.PR.A

MARCH 11, 2005 - 16:54 ET

ROC Pref Corp. Announcement

TORONTO, ONTARIO--(CCNMatthews - March 11, 2005) - ROC Pref Corp.
(TSX:PRF.PR.A) Declares Quarterly Distribution

The Board of Directors of ROC Pref Corp. ("the Company") has today
declared a cash distribution of $0.26875 per Preferred Share consisting
of a return of capital on such Preferred Shares equal to $0.26875 per
share payable on March 31, 2005 to holders of record at the close of
business on March 24, 2005.

ROC Pref Corp. is a mutual fund corporation that issued 5.25-year
redeemable, retractable cumulative P-1 (Low) rated Preferred Shares. The
Company used the proceeds to gain exposure, by way of an equity forward
sale agreement, to an A- rated structured note that offers credit
exposure to an equally weighted portfolio of 140 investment grade rated
companies.

The Preferred Shares are listed for trading on the Toronto Stock
Exchange under the symbol PRF.PR.A.

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