WFG Waterfront Capital Corp.

C.A. Bancorp Inc. (TSX:BKP) ("C.A. Bancorp") and Sentry Select Total Strategy
Fund (TSX:TSF.UN) ("Total Strategy") are pleased to announce that they have
completed the previously announced sale of AgriFinancial Canada Corp.
("AgriFinancial") to Western Financial Group Inc. (TSX:WES) ("WFG") (the
"Transaction"). The purchase price at closing was $21.00 million ($20.48 million
after transaction fees).


C.A. Bancorp received approximately $18.40 million in cash and $0.13 million in
loans receivable for total net consideration received of $18.53 million. Total
Strategy received approximately $1.95 million in cash. The final purchase price
of the Transaction is subject to post-closing adjustments based on the net book
value of the AgriFinancial as at end of day, January 30, 2009.


"We are extremely pleased to have completed the sale of AgriFinancial and the
investment returns that have been generated on our original $10.5 million
investment. This Transaction is representative of the potential value accruing
within our remaining private equity portfolio," said Mark Gardhouse, President
of C.A. Bancorp. "The C.A. Bancorp management team worked very closely with
AgriFinancial over the past 16 months implementing a series of initiatives that
has repositioned the company to capitalize on the growing Canadian agricultural
sector. The sale to WFG will enable AgriFinancial to continue to provide
industry leading financial products and outstanding service across WFG's new
expanded customer base."


It was previously announced that contemporaneous with the closing of the
Transaction, C.A. Bancorp would provide $3.0 million in short term subordinated
debt financing to WFG. WFG no longer requires the debt financing, and therefore,
that financing will not be proceeding.


The Transaction

The Transaction was effected through a sale of all of the issued and outstanding
shares of C.A. Bancorp Financial Corp. ("Financial Corp") to Bank West, WFG's
wholly-owned bank. Financial Corp owned all of the issued and outstanding shares
of AgriFinancial. C.A. Bancorp and Total Strategy were the sole shareholders of
Financial Corp, with C.A. Bancorp holding approximately 90% and Total Strategy
holding approximately 10% of its issued and outstanding shares. The total
invested capital was $10.5 million.


Trading information

C.A. Bancorp's common shares trade on the Toronto Stock Exchange under the
symbol BKP.


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.


This news release contains forward-looking statements relating to anticipated
future events, results, circumstances, performance or expectations that are not
historical facts but instead represent C.A. Bancorp and Total Strategy's beliefs
regarding future events. Often, but not always, forward-looking statements can
be identified by the use of forward-looking words such as "will", "expect",
"intend", "plan", "estimate", "anticipate", "believe" or "continue", similar
words or the negative thereof, or variations of such words and phrases that
certain actions, events or anticipated outcomes "may", "would" or "might" be
taken, occur or be achieved. There can be no assurance that the plans,
intentions or expectations upon which these forward-looking statements are based
will occur.


Results discussed herein could differ materially from those expressed or implied
by such statements. Such forward-looking statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Such forward-looking statements are based on assumptions including
that the returns generated on the Transaction are representative of potential
returns on other investments held by C.A. Bancorp. Additional important factors
that could cause actual results to differ materially from expectations include,
among other things, general economic and market factors, and tax related
matters. C.A. Bancorp cautions that risk factors discussed in applicable
continuous disclosure filings required by law that C.A. Bancorp and Total
Strategy have made and filed on SEDAR should also be considered carefully and
that undue reliance not be placed on forward-looking statements as events and
results could differ materially from those expressed or implied by
forward-looking statements made by C.A. Bancorp and Total Strategy. The
cautionary statements qualify all forward-looking statements attributable to
C.A. Bancorp and Total Strategy and persons acting on their behalf.


Unless otherwise stated, all forward looking statements speak only as of the
date of this press release. C.A. Bancorp and Total Strategy do not undertake,
and specifically disclaim, any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, unless required by applicable law.





C.A. Bancorp Inc.
The Exchange Tower
130 King Street West
Suite 2810, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 861-8166

Grafico Azioni Waterfront Capital Corporation (TSXV:WFG)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Waterfront Capital Corporation (TSXV:WFG)
Storico
Da Lug 2023 a Lug 2024