Stock Name: CFN
Amount: CAD 0.035
Announcement Date: 11/04/2012
Record Date: 18/04/2012
Dividend Detail:
TSX: CFN
EDMONTON, April 11, 2012 /CNW/ - Carfinco Financial Group Inc.
("Carfinco" or the "Company") announces that a cash dividend of 3.5
cents per share has been declared for April 2012, an increase of 16.7%
from March's cash dividend of 3.0 cents per share. The payable date is
April 30, 2012, the record date is April 20, 2012, and the
ex-distribution date is April 18, 2012.
"The dividend rate has been adjusted to reflect the continued
improvement in the Company's financial results," said Tracy Graf, CEO
of the Fund. "The fourth quarter of 2011 was the eleventh consecutive
quarter of record adjusted pre-tax net earnings. Management continues
to execute its objective of growing the finance receivables portfolio
by 20% per annum while maintaining delinquencies at acceptable levels."
About Carfinco Financial Group Inc.
Carfinco focuses on providing consumer vehicle loans to borrowers unable
to obtain financing through traditional lending sources.�� A network of
select independent and franchise dealerships offer Carfinco's payment
plan to their customers who must, along with the vehicle, meet
Carfinco's underwriting guidelines. The shares of the Company trade on
The Toronto Stock Exchange under the symbol "CFN".
Caution Regarding Forward-Looking Statements - This news release
contains certain forward-looking statements, including statements
regarding the business and anticipated financial performance of the
Company.�� These statements are subject to a number of risks and
uncertainties.�� Actual results may differ materially from results
contemplated by the forward-looking statements.�� When relying on
forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties
and should not place undue reliance on such forward-looking statements.
For further information:
Mr. Tracy A. Graf��
CEO & Director of Carfinco Financial Group Inc.��
Telephone:��1-888-486-4356��
Facsimile:��1-888-486-7456��
E-mail:��tracy.graf@carfinco.com��
Web site:��www.carfinco.com
The Howard Group Inc.
Jeff Walker / Dave Burwell
Investor Relations
Telephone:��1-888-221-0915
E-mail:��Info@howardgroupinc.com��
Web site:��www.howardgroupinc.com
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