EDMONTON, Dec. 9, 2013 /CNW/ - Carfinco Financial Group Inc. ("Carfinco"
or the "Company") announces that a cash dividend of 4.0 cents per share
has been declared for December 2013. The payable date is December 31,
2013, the record date is December 20, 2013 and the ex-distribution date
is December 18, 2013.
"For the past number of years, the Company has provided an additional
special distribution to shareholders in December", stated Mr. Tracy
Graf, CEO of Carfinco. "This year the Board of Directors felt it was
beneficial to shareholders to retain capital to expand Carfinco's
geographical presence, with the acquisition of Persian Acceptance Corp.
based in Wakefield, Massachusetts and the potential acquisitions of
Western Funding Inc. ("WFI") and Globaltrack GPS LLC ("GPS"), both
based in Las Vegas, Nevada. Carfinco should know if it is the
successful bidder in acquiring WFI and GPS later in December."
About Carfinco Financial Group Inc.
Carfinco, through its Canadian and United States subsidiaries (the
"Subsidiaries"), 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 the Subsidiaries payment plans to their customers who must, along
with the vehicle, meet the Subsidiaries underwriting guidelines. The
shares of Carfinco trade on The Toronto Stock Exchange under the symbol
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.
Web site: www.carfinco.com
The Howard Group Inc.
Web site: www.howardgroupinc.com