TORONTO, ONTARIO--(Marketwire - Jan. 7, 2010) - The Board of Directors of Global Credit Pref Corp. (the "Company")(TSX:GPA.PR.A) declared a cash distribution yesterday of $0.3281 per Preferred Share consisting of a return of capital on such Preferred Shares equal to $0.3281 per share payable on January 29, 2010 to holders of record at the close of business on January 20, 2010.