TORONTO: C.A. Bancorp Inc. (the “Company”) is pleased to announce its financial results for the first quarter of 2007.

HIGHLIGHTS: The consolidated financial statements include the accounts of the Company and its common share investment in Charter Realty Holdings Ltd. (“Charter”) (collectively “Consolidated Entity”). As of March 31, 2007, the Company held 57.1% of Charter’s outstanding common shares.

As of May 10, 2007, Charter converted to a real estate investment trust and changed its name to Charter Real Estate Investment Trust (TSX-V: CRH.UN, “Charter REIT”). Each 10 common shares of Charter were exchanged for one unit of Charter REIT.

• In December 2006, the Company completed a secondary common share offering that raised total gross proceeds of approximately $38.8 million through the issuance of common shares.
• On April 30, 2007, the Company’s shares were consolidated on a 10 for 1 basis and listed on the Toronto Stock Exchange. The trading symbol remains BKP. As of March 31, 2007, the Company had 14,174,171 common shares outstanding (adjusted for the 10 for 1 share consolidation).
• For the first quarter ended March 31, 2007, the Consolidated Entity had a net income of $802,551 (2006 – loss of $98,083). This represents earnings of $0.06 per common share (post consolidation) on basic and a fully diluted basis (2006 – loss of $0.11 per common share).
• For the first quarter of 2007, the Consolidated Entity had total revenue (excluding realized and unrealized gains on direct investments) of $920,735 (2006 - $24,794) comprised of interest and investment income, asset management fees, transaction fees and revenue from rental properties.
• For the quarter ended March 31, 2007, the Consolidated Entity had net gains on direct investments of $441,151 (2006 – nil), comprised of realized gains of approximately $39,975 (2006 – nil) and unrealized gains of approximately $401,176 (2006 – nil).
• From December 31, 2006 to March 31, 2007 the Company’s assets increased from $38.0 million to $75.1 million. The increase was primarily due to consolidating Charter into the Company’s accounts for the first time in the first quarter of 2007. Charter purchased over $39 million worth of real estate properties during the first quarter, funding the acquisitions with equity, mortgage financing and bridge financing. As of March 31, 2007, the Company reported a bridge financing liability of $5.7 million and secured debt (mortgage) of $27.4 million. The Company’s liabilities increased from approximately $1 million as of December 31, 2006, to $35.6 million as of March 31, 2007, due primarily to the inclusion of Charter’s accounts in the consolidated financial statements.
• Since the completion of its common share offering, the Company has begun to invest the proceeds in a portfolio of publicly traded securities as part of its strategy to invest and be involved, either directly or indirectly, in catalyst or event-driven opportunities. As of March 31, 2007, the Company invested $23.8 million – up from $4.8 million as of December 31, 2006.
• The Company holds 27.1% of the common shares outstanding of two capital pool companies: Universal Infrastructure Corp. (TSX-V: UIC.P) and Global Alternative Investments Inc. (TSX-V: GLI.P), established as the Company’s infrastructure and financial services investment platforms.

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. The Company is focused on investments, either directly, or through entities managed and/or sponsored by C.A. Bancorp, in public and private companies with emphasis on opportunities in the industrials, real estate, infrastructure and financial services industries.

More information :
Mark Gardhouse, President or Paolo De Luca, Chief Financial Officer
1-866-388-5985
Fax: 416-364-2398
info@cabancorp.com
www.cabancorp.com