EDMONTON, Dec. 11 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund")
announces that a cash distribution of $0.027 per trust unit has been declared
for December 2007, with a payable date of December 31, 2007, to Unitholders of
record on December 20, 2007. The ex-distribution date is December 18, 2007.
This brings the total year-to-date cash distribution per unit to $0.324.
"Loan originations continue to be strong with the finance receivables
increasing by $3.9 million during the first 2 months of the fourth quarter to
$96.0 million at November 30, 2007," said Tracy Graf, CEO of the Fund.
About Carfinco Income Fund
A growth-oriented income trust, 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
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.
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: