Canadian Chartered Banc Split Corp. ("Banc Split") is pleased to announce the
filing of a preliminary prospectus for a proposed new offering. Banc Split will
invest in common shares of the six largest Canadian Banks. Banc Split will offer
two investment choices: Class A Share Units (1 Class A Share and 1/2 Warrant)
and Preferred Shares.


Banc Split's Class A Shares offer regular monthly cash dividends targeted to be
5.00% per annum. The Class A Shares will also provide holders with any capital
appreciation or dividend growth achieved on the underlying portfolio of Canadian
Banks. Further upside potential is provided by the Warrants. Each Class A Share
Unit purchased on the IPO consists of 1 Class A Share and 1/2 Warrant. Each full
warrant entitles holder to purchase a Unit (1 Class A Share and 1 Preferred
Share) for $25 on September 30, 2010.


Banc Split's Preferred Shares offer fixed, cumulative preferential monthly cash
dividends at a yield of 7.00% per annum, with the objective of repaying their
original issue price ($10) upon termination on December 1, 2016. The Preferred
Shares have been given a provisional rating of Pfd-2 (low) by DBRS.


CIBC World Markets Inc. and RBC Dominion Securities Inc. are co-lead agents for
the proposed offering. The other members of the syndicate are Scotia Capital
Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Canaccord Capital Corporation,
Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James
Ltd., Blackmont Capital Inc., Manulife Securities Incorporated, Richardson
Partners Financial Limited, Wellington West Capital Inc. and Desjardins
Securities Ltd.


Please visit our website at: www.CanadianBancSplit.com.
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