TORONTO, ONTARIO--(Marketwire - Aug. 28, 2008) - C.A. Bancorp Inc. ("C.A. Bancorp")(TSX:BKP) and C.A. Bancorp Canadian Realty Finance Corporation (the "Corporation")(TSX:RF.PR.A) are pleased to announce that a final prospectus had been filed with, and a receipt therefor issued by, the securities regulatory authorities in each of the provinces and territories of Canada.

The Offering

The Corporation is offering (the "Offering") units (the "Units") at a price of $10.00 per Unit. Each Unit consists of one Class A Share and one warrant (a "Warrant") to purchase one Series 1, Preferred Share (the "Preferred Shares"). The Offering is for a minimum of 2,000,000 Units ($20,000,000) and a maximum of 10,000,000 Units ($100,000,000).

Closing

The closing of the Offering is expected to occur on or about September 10, 2008.

The Corporation's Class A Shares

The Corporation's investment objectives with respect to the Class A Shares are to:

i. Pay quarterly cash distributions, initially expected to be $0.19 per quarter per Class A Share or 7.6% per annum, based on the original issue price of $10.00 per Unit; and

ii. To preserve the net asset value of the Class A Shares.

Currently, C.A. Bancorp is the sole holder of Class A Shares and will continue to hold its Class A Shares. Any issuance of Class A Shares under this Offering will come from the Corporation's treasury.

The Warrants

Each Warrant will entitle the holder to purchase one Preferred Share at a subscription price of $23.75 at any time on or before 4:00 p.m. (Toronto time) on September 30, 2011.

The Preferred Shares

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

i. Pay fixed cumulative preferential quarterly cash distributions in the amount of $0.4219 per Preferred Share representing a yield of 6.75% per annum on the original issue price of $25.00 per Preferred Share; and

ii. Return the original issue price of the Preferred Shares ($25.00 per Share) on March 31, 2018.

Impact of the Offering on the Outstanding Preferred Shares

The Preferred Shares are listed on the Toronto Stock Exchange ("TSX") and trade under the symbol RF.PR.A.

On March 24, 2008, the Corporation instituted a normal course issuer bid ("NCIB") in respect of the Preferred Shares. Pursuant to securities laws, the Corporation is not able to purchase the Preferred Shares during the Offering period. When permitted by law, subsequent to the completion of the Offering, the Corporation intends to utilize the NCIB.

Presently, the Corporation is primarily capitalized with Preferred Shares which rank in priority to the Class A Shares with respect to the payment of cash distributions and the repayment of capital on the dissolution, liquidation or winding up of the Corporation.

C.A.