C.A. Bancorp Canadian Realty Finance Corporation Recommends Special Resolution to Approve Acquisition

The Canadian Realty Finance Corporation, a mutual fund corporation, has announced that Institutional Shareholder Services Inc. (ISS) has recommended that its clients vote in favor of the special resolution to approve the acquisition by Green Tree Capital Management Corp. This recommendation is significant as ISS is a leading independent international corporate governance analysis and proxy voting firm. The directors of the Corporation have also unanimously recommended that shareholders vote in favor of the acquisition.

Key Takeaways:

• The Canadian Realty Finance Corporation has received a recommendation from Institutional Shareholder Services Inc. (ISS) to vote in favor of the special resolution to approve the acquisition by Green Tree Capital Management Corp.
• The directors of the Corporation have unanimously recommended that shareholders vote in favor of the acquisition.
• The Corporation is a mutual fund corporation that aims to provide exposure to the investment performance of an actively managed portfolio of mortgages and secured loans in the Canadian commercial real estate sector on a tax-efficient basis.
• C.A. Bancorp Inc. owns approximately 32% of the Class A Shares of the Corporation and manages the Corporation through its wholly-owned subsidiary C.A. Bancorp Ltd.
• The proposed acquisition is subject to regulatory and shareholder approvals, as well as the waiver of conditions.
• Reference should be made to the risk factors published in the Corporation's most recent annual information form and management report on fund performance, both of which are available at www.sedar.com.

Statistics:

• 32%: The percentage of Class A Shares of the Corporation owned by C.A. Bancorp Inc.
• 2: The number of companies involved in the proposed acquisition (Green Tree Capital Management Corp. and C.A. Bancorp Canadian Realty Finance Corporation)
• 1: The number of leading independent international corporate governance analysis and proxy voting firms recommending the acquisition (Institutional Shareholder Services Inc. or ISS)
• XII: The page number where the risk factors are listed in the Corporation's most recent annual information form (available at www.sedar.com)

Sources:

• Marketwire (via COMTEX) - April 18, 2011
• C.A. Bancorp Canadian Realty Finance Corporation (TSX:RF.A) (TSX:RF.PR.A)
• Institutional Shareholder Services Inc. (ISS)
• C.A. Bancorp Inc. (TSX: BKP)