Carfinco Income Fund Announces No Distribution for the Second Quarter of 2009



    TSX: CFN.UN

    EDMONTON, June 5 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund")
announces the Fund's Board of Trustees has unanimously approved to not
distribute any cash or units for the three-month period ending June 30, 2009.

    About Carfinco Income Fund

    Carfinco focuses on providing consumer car 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.

    %SEDAR: 00019164E




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:
tgraf@carfinco.com

Organization Profile

Carfinco Financial Group Inc.

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