Carfinco Declares Cash Dividend for August 2014

TSX: CFN

EDMONTON, Aug. 11, 2014 /CNW/ - Carfinco Financial Group Inc. ("Carfinco" or the "Company") announces that a cash dividend of 4.0 cents per share has been declared for August 2014. The payable date is August 29, 2014, the record date is August 20, 2014 and the ex-distribution date is August 18, 2014.

About Carfinco Financial Group Inc.

Carfinco, through its Canadian and United States subsidiaries (collectively, "Carfinco"), focuses on providing indirect 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 plans to their customers who must, along with the vehicle, meet Carfinco's underwriting guidelines. The shares of Carfinco 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, Investor Relations, Telephone: 1-888-221-0915, E-mail: jeff@howardgroupinc.com, Web site: www.howardgroupinc.com