PWC - Pacific & Western to Pay Quarterly Dividend on Class "B" Preferred Shares (CAD 0.563)

Company: Pacific & Wstrn
Stock Name: PWC
Amount: CAD 0.563
Announcement Date: 01/09/2011
Record Date: 07/09/2011

Dividend Detail:

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LONDON, ON, Sept. 1, 2011 /CNW/ - Pacific & Western Credit Corp.
(TSX:PWC) will pay a quarterly dividend on its outstanding Class "B"
Preferred Shares on September 30, 2011 at the rate of $2.25 per annum.
The dividend will be in the amount of $0.563 per Class "B" Preferred
Share, comprised of $0.21 cash and $0.353 in common shares of PWC.  The
number of common shares to be issued is based on a 5 day volume
weighted average trading price of PWC's common shares on the TSX ending
August 31, 2011, and will result in .196 common shares per Class "B"
Preferred Share, subject to rounding calculations for fractional
shares.

The dividend to which this notice relates is payable on September 30,
2011 to Class "B" Preferred Shareholders of record at the close of
business on September 9, 2011, and is an eligible dividend for tax
purposes.

Pacific & Western Credit Corp.'s Class "B" Preferred Shares trade on the
TSX under the symbol PWC.PR.B.

Pacific & Western Credit Corp.'s common shares trade on the TSX under
the symbol PWC.

On behalf of the Board of Directors: David R. Taylor, President & C.E.O.

Investor Relations: Wade MacBain, Director (800) 244-1509, wadem@pwbank.com;

Public Relations & Media: Tel Matrundola, Vice-President, (866)
787-9936, telm@pwbank.com

To receive company news releases, please contact:

Wade MacBain at wadem@pwbank.com, (800) 244-1509