EDMONTON, Sept. 19, 2011 /CNW/ - Carfinco Income Fund ("Carfinco" or the
"Fund") announces Mr. Troy Graf has been appointed Chief Operating
Officer ("COO") and Mr. Stephen Dykau has been appointed Chief
Financial Officer ("CFO"), effective September 19, 2011.
Mr. Graf has been with Carfinco since its inception in 1996 and was
appointed as the CFO in November 1998. Mr. Graf has been a key
management team member and instrumental in assisting Carfinco in its
growth from a start-up in 1996 to its market leading position in the
Canadian sub-prime auto finance industry today.
Mr. Dykau joined Carfinco in April 2009 as Vice President of Finance.
Mr. Dykau is a Chartered Accountant and prior to his employment with
Carfinco, held professional roles in the areas of assurance, advisory,
and financial reporting. Since joining Carfinco in April 2009, Mr.
Dykau successfully led the transition of Carfinco's external reporting
to comply with International Financial Reporting Standards ("IFRS"),
and has managed the internal and external financial reporting processes
of the Fund.
"As we continue to grow and mature we are excited about the future
prospects of Carfinco. The knowledge and disciplined approach that Troy
and Stephen bring to the executive of the Fund is invaluable to the
implementation of programs, policies and procedures designed to
positively impact the growth, efficiency and success of Carfinco,"
stated Mr. Tracy Graf, Chief Executive Officer of the Fund.
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.
SOURCE Carfinco Income Fund
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