C.A. Bancorp Canadian Realty Finance Corporation

Snapshot

C.A. Bancorp Canadian Realty Finance Corporation

TSX Symbol:

RF.PR.A

Portfolio Manager:

Inception Date:

February 22, 2008

Managing Director:

Michael Lovett

Security:

Preferred Shares

Type:

Series 1

Quarterly distributions:

$0.4219 per share

Maturity Value

Market Price (updated monthly)

Price

Maturity Date

Price

Change

As of

$25.00

March 31 , 2018

$21.50

($2.50)

July 31, 2008 

As at June 30, 2008 (unaudited)

Net Asset Value of class A Shares

$ 7,520,433

Less: Deferred Issue Costs (unamortized)

$ 3,167,601

Tangible Net Asset Value held by C.A. Bancorp Inc.

$ 4,352,832

Face value of the Preferred Shares

Total Capitalization of the Corporation

$ 42,835,332

Actual Tangible Net Asset Value to Preferred Shares

111.3%

Minimum required under the Commitment Agreement

111.1%

Product Overview

The Corporation was created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and investments (the “Reference L.P.”) in the Canadian commercial real estate sector on a tax efficient basis. C.A. Bancorp Ltd. (the “Manager”) believes there are excellent opportunities for the Corporation to gain exposure to well-structured commercial mortgage and real estate loans with attractive debt yields. Most large Canadian financial institutions focus on larger loans and longer term mortgage transactions, as the loan underwriting and due diligence time required for any size commercial real estate loan is virtually the same. The Manager believes the lender market that competes for smaller value and shorter term loans and mortgages is presently under-serviced and highly fragmented.

The Corporation’s investment objectives with respect to the Preferred Shares are to:

(i) provide Preferred Shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.4219 per Preferred Share, representing a yield on the issue price of the Preferred Shares of 6.75% per annum (except that the first distribution will only be $0.105); and

(ii) return the original issue price of the Preferred Shares after 10 years. Distributions on the Preferred Shares are expected to comprise primarily of returns of capital and/or capital gains dividends.

Portfolio Manager

C.A. Bancorp Ltd., a wholly-owned subsidiary of C.A. Bancorp Inc., is the Manager of the Corporation and the investment advisor of the Reference L.P.

C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities.  C.A. Bancorp Inc. 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. C.A. Bancorp has approximately $322 million in assets invested and under management.

Managing Director

Michael Lovett, Managing Director, Real Estate Capital, C.A. Bancorp Inc.

Michael Lovett joined C.A. Bancorp as Managing Director, Real Estate Capital in May 2007. Michael has over 24 years of experience in the commercial real estate lending industry, most recently as the President of Commercial Mortgage & Capital, a private commercial mortgage company controlled by Avison Young Commercial Real Estate Inc., which originated and placed commercial real estate loans and mortgages. He was the co-founder of Montrose Mortgage Corporation (Toronto) Ltd. from 2001 to 2005, where he was responsible for opening the Toronto office and originating and structuring commercial real estate loans. Michael has been involved in placing loans on all major asset classes, including term loans, construction financing and mezzanine facilities. Michael has also held senior real estate related positions in origination, risk assessment and special loans with CIBC Mortgages Inc. (National Sales Manager), National Trust (VP, Risk Management), Citibank (Assistant Vice-President), National Bank (Senior Manager, Corporate Real Estate), and Swiss American Bank of Antigua (General Manager).

To obtain the prospectus on C.A. Bancorp Canadian Realty Finance Corporation, please visit www.sedar.com.

 C.A. Bancorp Canadian Realty Finance Corporation - Financial Statement (June 30, 2008)
 C.A. Bancorp Canadian Realty Finance Corporation - MRFP (June 30, 2008)
 Download the Top 25 Portfolio Holdings (March 31, 2008)