CFN - Carfinco Increases Cash Dividend by 14.3% (CAD 0.04)

Company: Carfinco Financial Group Inc
Stock Name: CFN
Amount: CAD 0.04
Announcement Date: 09/10/2012
Record Date: 17/10/2012

Dividend Detail:

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TSX: CFN

EDMONTON, Oct. 9, 2012 /CNW/ - Carfinco Financial Group Inc. ("Carfinco"
or the "Company") announces that a cash dividend of 4.0 cents per share
has been declared for October 2012, an increase of 14.3% from
September's cash dividend of 3.5 cents per share. The payable date is
October 31, 2012, the record date is October 19, 2012, and the
ex-distribution date is October 17, 2012.

"As management continues to execute its objective of 20% annual growth
in the finance receivables portfolio, we have had the opportunity of
enhancing shareholder value through a consistent dividend payment,"
said Tracy Graf, CEO of the Fund. "The dividend increase - the fourth
since the beginning of 2011 - not only reflects the strength of our
financial results, but the confidence we have in achieving our goals."

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.

SOURCE: Carfinco Financial Group Inc.

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