EDMONTON, March 9 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund") announces that it will make a regular cash distribution for the month of March and provide an additional special cash distribution to its Unitholders in March, reflecting strong performance of the Fund in the first quarter.
A cash distribution of 2 cents per trust unit and a special quarterly cash distribution of 4 cents per trust unit have been declared for March 2010, with a payable date of March 31, 2010, to Unitholders of record on March 19, 2010. The ex-distribution date is March 17, 2010.
"We are pleased to distribute a total of 6 cents cash during the month of March, for a total of 9.5 cents per unit held for the first quarter of 2010," stated Tracy Graf, CEO of the Fund. "As previously stated, the Fund intends to continue with a 2 cent cash distribution on a monthly basis and provide quarterly special distributions when deemed prudent by the Board of Trustees."
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, Bob Beaty, Investor Relations, Telephone: 1-888-221-0915, Telephone: (403) 221-0915, E-mail: Info@howardgroupinc.com, Website: www.howardgroupinc.com