TSXgroup

June 5, 2009

Canadian Banc Capital Securities Trust (the "Fund") - An application has been granted for the original listing in the Industrial category of up to maximum of 4,000,000 Class A Units ("Units"), of which approximately 3,748,440 Units will be issued and outstanding, and approximately 251,560 Units will be reserved for issuance upon completion of an initial public offering (the "Offering").

Listing of the Class A Units will become effective at 5:01 p.m. on Monday, June 8, 2009, in anticipation of the public offering closing on Tuesday, June 9, 2009. The Units, other than those which have not been distributed to the public will be posted for trading at the opening on June 9, 2009.

Registration of interests in and transfers of the Units will be made only through the Book-Entry Only System. On the Closing Date, the Trustee will deliver to CDS certificates representing the aggregate number of Units then subscribed for under the Offering. Units must be purchased, converted, transferred and surrendered for redemption through a CDS Participant. Upon purchase of any Units, the Unitholders will receive only a customer confirmation from the registered dealer which is a CDS Participant and from or through which the Units are purchased.

Additional information on the Units may be found in the final prospectus dated May 27, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the final Prospectus.

Stock Symbol: "CSB.UN"
CUSIP: 13536R 10 6
Trading Currency: CDN

Temporary Market Maker: JitneyTrade Inc.

Other Markets: None

Head Office Address: 181 University Avenue, Suite 300
Toronto, Ontario
M5H 3M7

Email Address: more_info@cclgroup.com

Website Address: cclgroup.com

Head Office Telephone Number: (416) 862-2020

Toll Free Number: 1-866-642-6001

Fax Number: (416) 363-2089

Investor Relations: W. Neil Murdoch
(416) 364-2839
nmurdoch@cclgroup.com

Darren Cabral
(416) 214-6182
dcabral@cclgroup.com

Chief Financial Officer: Michael W. Freund

Secretary: Neil Murdoch

Incorporation: The Fund is an investment fund established under the laws of the Province of Ontario and governed by a Trust Agreement dated as of May 22, 2009.

Manager of the Fund: Connor, Clark & Lunn Capital Markets Inc.

Portfolio Manager: Connor, Clark & Lunn Investment Management Ltd.

Fiscal Year End: December 31

Nature of Business: The Fund's investment objectives are to provide Unitholders with attractive tax-advantaged quarterly cash distributions, and return to Unitholders the original issue price of the Units upon termination of the Fund on June 30, 2014. The Fund will seek to achieve its investment objectives through exposure to an actively managed portfolio consisting primarily of capital trust securities of the six largest Canadian banks, including such issues as TD Capital Trust IV Notes (TD CaTS IV), Scotiabank Capital Trust Securities (Scotia BaTS II) and BMO Capital Trust II Notes (BoATS VI). The Fund may also invest in other securities issued by Canadian financial institutions, including subordinated debt, preferred shares and common shares.

The return to the Unitholders and the Fund will be dependent upon the return on the Portfolio (or Notional Portfolio) by virtue of one or more forward purchase and sale agreements with the Counterparty. The Fund will use the net proceeds of the Offerings for the pre-payment of its purchase obligations under the Forward Agreement. Pursuant to the Forward Agreement, the Counterparty has agreed to deliver to the Fund on June 30, 2014, being the Forward Termination Date, the Canadian Securities Portfolio with an aggregate value equal to (i) the redemption proceeds of a corresponding number of units of Portfolio Trust, or (ii) the value of the Notional Portfolio, as applicable, net of any amount owing by the Fund to the Counterparty.

Transfer Agent & Registrar: Computershare Investor Services Inc., at its principle office in Toronto.

Distributions: The Fund intends to pay quarterly distributions initially estimated to be $0.375 per Unit, representing a yield of 6.0% per annum on the Unit issue price. The initial distribution is payable to Unitholders of record on September 30, 2009 and will be paid no later than October 15, 2009. The first distribution will reflect the period from the Closing Date to September 30, 2009.

Class F Units: In addition to the Class A Units, the Fund is offering Class F Units under the Prospectus. The Class F Units are designed for fee-based accounts and differ from the Class A Units in the following ways: (i) Class F Units will not be listed on a stock exchange; (ii) the Agents' fees payable on the issuance of the Class F Units are lower than the Class A Units; and (iii) the Service Fee is only payable in respect of the Class A Units. Accordingly, the Net Asset Value per unit of each class will not be the same as a result of the different fees allocable to each class of units.

A holder of Class F Units may convert Class F Units into Class A Units. For each Class F Unit so converted, a holder will receive that number of Class A Units equal to the Net Asset Value per Class F Unit as of the close of trading on the Business Day immediately preceding the Conversion Date divided by the Net Asset Value per Class A Unit as of the close of trading on the Business Day immediately preceding the Conversion Date.

Public Offering: Pursuant to the terms of the Prospectus, up to a maximum of 4,000,000 Class A Units are being offered to the public by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Richardson Partners Financial Limited, Dundee Securities Corporation, Wellington West Capital Inc., Blackmont Capital Inc., Canaccord Capital Corporation, Desjardins Securities Inc., GMP Securities L.P., Manulife Securities Incorporated, Raymond James Ltd., and Research Capital Corporation, as agents, at a price of $25 per Class A Unit.