PACIFIC & WESTERN DECLARES ANNUAL DIVIDEND ON CLASS "A" PREFERRED SHARES

LONDON, ON, Dec. 9 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) will pay an annual dividend on its outstanding Class "A" Preferred Shares on December 31, 2010 at the rate of $0.21 per share, unchanged from last year.

The Class "A" Preferred Share provisions provide that the dividends accrue from the date of issue and are payable on December 31st each year at the annual rate of 7% of the issue price.

The dividend to which this notice relates is payable on December 31, 2010 to shareholders of record at the close of business on December 21, 2010.

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

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:

Carla McPhee at carlam@pwbank.com, (519) 675-4204

SOURCE Pacific & Western Credit Corp.

For further information: For further information: Visit our website at: http://www.pwbank.com

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Pacific & Western Credit Corp.

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