EDMONTON, June 8 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund") announces that it will make a regular cash distribution for the month of June and provide an additional special cash distribution to its Unitholders in June, reflecting strong performance of the Fund in the first and second quarters of 2010.
A regular cash distribution of 2 cents per trust unit and a special cash distribution of 10 cents per trust unit have been declared for June 2010, with a payable date of June 30, 2010, to Unitholders of record on June 18, 2010. The ex-distribution date is June 16, 2010.
"By distributing 12 cents cash in June the total distribution to Unitholders during the second quarter of 2010 is 16 cents cash per unit held and 25 and a half cents year-to-date," stated Tracy Graf, CEO of the Fund. "The financial performance of the Fund during the first half of 2010 has met our expectations and we are pleased to pass this success on to our Unitholders in the form of cash distributions."
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 Financial Group Inc.
For further information: For further information: Mr. Tracy A. Graf, CEO & Trustee of Carfinco Income Fund, Telephone: 1-888-486-4356, Facsimile: 1-888-486-7456, E-mail: firstname.lastname@example.org; OR The Howard Group Inc., Jeff Walker, Dave Burwell, Investor Relations, Telephone: 1-888-221-0915, Telephone: (403) 221-0915, E-mail: Info@howardgroupinc.com, Website: www.howardgroupinc.com