CanCap Preferred Corporation - Declaration of dividend

    Stock Symbol TSX: CAC

    MONTREAL, June 7 /CNW Telbec/ - CanCap Preferred Corporation announces
that its Board of Directors has declared a regular quarterly dividend of
$0.3375 per Preferred Share payable on June 30, 2007 to the holders of record
at the close of business on June 29, 2007. This quarterly dividend shall
constitute the last payment of such nature by the company.

    CanCap manages a portfolio of actively traded liquid shares of Canadian
large cap companies of approximately $1.09 billion as at May 31, 2007.

For further information:

For further information: Mr. Alain Fortin, Chief Financial Officer,
CanCap Preferred Corporation, (514) 390-7933,

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