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Press release from Marketwire

CanBanc Income Corp.: Distribution Press Release

Monday, December 20, 2010

CanBanc Income Corp.: Distribution Press Release16:24 EST Monday, December 20, 2010TORONTO, ONTARIO--(Marketwire - Dec. 20, 2010) - CanBanc Income Corp. (the "Fund") (TSX:CIC) announces a distribution of $0.26082 per Unit for the quarter ending December 31, 2010. The distribution will be paid on December 31, 2010 to unitholders of record on December 31, 2010 and has been pro-rated from the Closing Date of August 18, 2010.FOR FURTHER INFORMATION PLEASE CONTACT: Rob MacNivenFirst AssetInvestor Relations416-642-1289 or 1-877-642-1289www.firstasset.com