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CanBanc Income Corp. Announces Exercise of Over-Allotment Option

TORONTO, Tuesday, September 14, 2010 - CanBanc Income Corp. (the "Company") (TSX: CIC) announces that the Company's syndicate of agents for its initial public offering has exercised its over-allotment option and acquired an additional 1,027,000 shares of the Company. In total, the Company issued 24,027,000 shares pursuant to its initial public offering, yielding gross proceeds of $240,270,000. The shares are listed on the Toronto Stock Exchange under the symbol CIC.

The syndicate of agents for this offering was led by CIBC World Markets Inc., National Bank Financial Inc. and RBC Capital Markets, and included BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, GMP Securities L.P., Macquarie Private Wealth Inc. and Mackie Research Capital Corporation.

For further information, please call Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.