PWC - <span class="simulate_din_font">Pacific & Western to pay quarterly dividend on Class "B" Preferred Shares</span> (CAD 0.563)

Company: Pacific & Wstrn
Stock Name: PWC
Amount: CAD 0.563
Announcement Date: 08/03/2012
Record Date: 15/03/2012

Dividend Detail:

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LONDON, ON, March 8, 2012 /CNW/ - Pacific & Western Credit Corp.
(TSX:PWC) will pay a quarterly dividend on its outstanding Class "B"
Preferred Shares on March 31, 2012 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 March 7,
2012, and will result in .183 common shares per Class "B" Preferred
Share, subject to rounding calculations for fractional shares.

The dividend to which this notice relates is payable on March 31, 2012
to Class "B" Preferred Shareholders of record at the close of business
on March 19, 2012, 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

For further information:

Visit our website at:http://www.pwbank.com