Pacific & Western declares dividend on Class "B" Preferred Shares

    LONDON, ON, Sept. 3 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) will
pay a quarterly dividend on its outstanding Class "B" Preferred Shares on
September 30, 2009 at the rate of $2.25 per annum. The dividend will be in the
amount of approximately $0.185 per Class "B" Preferred Share, comprised of
approximately $0.069 cash and approximately 0.029 common shares per Class "B"
Preferred Share.
    The dividends to which this notice relates are payable on September 30,
2009 to Class "B" Preferred Shareholders of record at the close of business on
September 14, 2009.
    The TSX has approved the listing of PWC's new Class "B" Preferred Shares.
Trading of the Class "B" Preferred Shares will commence on the TSX on Tuesday,
September 8, 2009 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.To receive company news releases, please contact:
    Carla McPhee at [e-mail], [phone]

For further information: Investor Relations: Wade MacBain at (800)
244-1509 or [e-mail]; Public Relations & Media: Tel
Matrundola, Vice-President, [phone], [e-mail], Visit our website
at: http://www.pwbank.com