Showing posts with label CFN. Show all posts
Showing posts with label CFN. Show all posts

Tuesday, October 9, 2012

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:




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









Wednesday, April 11, 2012

CFN - <span class="simulate_din_font">Carfinco Increases Cash Dividend by 16.7%</span> (CAD 0.035)

Company: Carfinco Financial Group Inc
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









Friday, March 9, 2012

CFN - <span class="simulate_din_font">Carfinco Declares Cash Dividend for March 2012 and Enters Interest Rate Swap Agreement</span> (CAD 0.03)

Company: Carfinco Financial Group Inc
Stock Name: CFN
Amount: CAD 0.03
Announcement Date: 09/03/2012
Record Date: 16/03/2012

Dividend Detail:




TSX: CFN



EDMONTON, March 9, 2012 /CNW/ - Carfinco Financial Group Inc.
("Carfinco" or the "Company") announces that a cash dividend of 3.0
cents per share has been declared for March 2012, with a payable date
of March 30, 2012, to shareholders of record on March 20, 2012.�� The
ex-distribution date is March 16, 2012.



The Company has also entered into an interest rate swap agreement with a
notional amount of $100,000,000, a fixed bankers' acceptance rate of
1.55% and a three year term that ends on March 9, 2015.�� Carfinco
regularly monitors our interest rate swap position to minimize our
exposure to interest rate risk.



"Entering into this swap agreement is beneficial for both the Company
and its shareholders as it reduces the business risk of increasing
interest rates on $100 million of our senior debt over the next three
years," stated Tracy Graf, CEO of Carfinco.



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









CFN - <span class="simulate_din_font">Carfinco Declares Cash Dividend for March 2012 and Enters Interest Rate Swap Agreement</span> (CAD 0.03)

Company: Carfinco Financial Group Inc
Stock Name: CFN
Amount: CAD 0.03
Announcement Date: 09/03/2012
Record Date: 16/03/2012

Dividend Detail:




TSX: CFN



EDMONTON, March 9, 2012 /CNW/ - Carfinco Financial Group Inc.
("Carfinco" or the "Company") announces that a cash dividend of 3.0
cents per share has been declared for March 2012, with a payable date
of March 30, 2012, to shareholders of record on March 20, 2012.�� The
ex-distribution date is March 16, 2012.



The Company has also entered into an interest rate swap agreement with a
notional amount of $100,000,000, a fixed bankers' acceptance rate of
1.55% and a three year term that ends on March 9, 2015.�� Carfinco
regularly monitors our interest rate swap position to minimize our
exposure to interest rate risk.



"Entering into this swap agreement is beneficial for both the Company
and its shareholders as it reduces the business risk of increasing
interest rates on $100 million of our senior debt over the next three
years," stated Tracy Graf, CEO of Carfinco.



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









Thursday, February 9, 2012

CFN - <span class="simulate_din_font">Carfinco Financial Group Inc. Declares Cash Dividend for February 2012</span> (CAD 0.03)

Company: Carfinco Financial Group Inc
Stock Name: CFN
Amount: CAD 0.03
Announcement Date: 09/02/2012
Record Date: 16/02/2012

Dividend Detail:




TSX: CFN



EDMONTON, Feb. 9, 2012 /CNW/ - Carfinco Financial Group Inc. ("Carfinco"
or the "Company") announces that a cash dividend of 3.0 cents per share
has been declared for February 2012, with a payable date of February
29, 2012
, to shareholders of record on February 20, 2012. The
ex-distribution date is February 16, 2012.



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