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News and events

C.A. Bancorp Inc. (TSX: BKP) Supports PRT Management Inc.'s Proposed Growth Initiative

05/25/2007


TORONTO: C.A. Bancorp Inc. (“C.A. Bancorp”), controlling more than 5% of the issued and outstanding trust units of PRT Forest Regeneration Income Fund (the “Fund”), announced today its support of PRT Management Inc. (“PMI”), the manager and administrator of the Fund, in its proposal to initiate a controlled, disciplined and accretive growth strategy to strengthen and diversify the revenue base of the Fund’s wholly owned operating subsidiary, Pacific Regeneration Technologies Inc. (“PRT” or the “Company”).

In conjunction with this proposed change, PMI and C.A. Bancorp together will propose a slate of independent Trustees for election at the Annual General Meeting of unitholders of the Fund to be held on June 26, 2007. The nominee Trustees, if elected, will bring broad and extensive business expertise to the Fund.

PMI and C.A. Bancorp intend to mail a dissident proxy circular to the Fund’s unitholders in early June. The circular will outline the strategy being proposed by PMI and C.A. Bancorp and will provide additional information concerning the proposed new Trustees. Unitholders of the Fund are encouraged to wait until receiving the PMI and C.A. Bancorp proxy material before deciding how to vote at the upcoming Annual General Meeting of the Fund.

C.A. Bancorp Inc.: C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and asset manager, established to provide 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. C.A. Bancorp focuses on small- to mid-capitalization public and private opportunities that exhibit the potential for substantial capital appreciation through operational improvements and/or enhanced strategic positioning.

PRT Management Inc. : PMI is the administrator and manager of the Fund and PRT. PMI is owned by executives, managers and employees of PRT.

More information :
Mark Gardhouse, President, or Paolo DeLuca, Chief Financial Officer
1-866-388-5985 Fax: 416-861-8166
info@cabancorp.com