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TORONTO, ONTARIO--(Marketwire - June 4, 2010) - C.A. Bancorp Inc. ("C.A. Bancorp") (TSX:BKP) today completed the previously announced sale of its units ("Units") of Charter Real Estate Investment Trust ("Charter") (TSX VENTURE:CRH.UN) to IGW Public Limited Partnership, an affiliate of League Assets Corp. at a price of $1.45 per Unit (the "Sale"). The Sale yielded gross proceeds to C.A. Bancorp of approximately $8.77 million.

In connection with the Sale, the management agreement dated March 27, 2007 between Charter and C.A. Realty Management Inc., a wholly owned subsidiary of C.A. Bancorp, was terminated. C.A. Bancorp's severance costs in connection with the termination of the management agreement total approximately $0.69 million.

About C.A. Bancorp Inc.

C.A. Bancorp 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 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.

Forward Looking Statements

This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will provide to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements.

Publication Contributing Sources

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