Stock Name: CFN.UN
Amount: CAD 0.03
Announcement Date: 08/09/2011
Record Date: 16/09/2011
Dividend Detail:
TSX: CFN.UN
EDMONTON, Sept. 8, 2011 /CNW/ - Carfinco Income Fund ("Carfinco" or the
"Fund") announces an increase in the monthly cash distribution rate
from 2.5 cents to 3.0 cents per trust unit. A cash distribution of 3.0
cents per trust unit has been declared for September 2011, with a
payable date of September 30, 2011, to Unitholders of record on
September 20, 2011. The ex-distribution date is September 16, 2011.
"The increase is a reflection of the strong financial performance the
Fund has achieved so far in 2011," stated Mr. Tracy Graf, CEO of the
Fund. "Loan originations continue to be strong and delinquent accounts
remain at acceptable levels."
About Carfinco Income Fund
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 units of the Fund trade on The
Toronto Stock Exchange under the symbol "CFN.UN".
Caution Regarding Forward-Looking Statements - This news release
contains certain forward-looking statements, including statements
regarding the business and anticipated financial performance of the
Fund. 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.
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