On April 21, Prime Rate Plus Corp announced:
a name change to Canadian Banc Recovery Corp. The management of the Company believes the name change better reflects the underlying holdings of the Company and its view of the ability of the underlying holdings to recover in price over the time frame remaining until the Company is scheduled to wind up in 2012.
An application has been made with the TSX for new TSX trading symbols. The Preferred Share will change from PPL.PR.A to BK.PR.A and the Class A Share will change from PPL to BK. All other features and attributes of the Company and the applicable shares remain unchanged.
and today it was confirmed that trading has commenced under the new symbols.