Carfinco Income Fund Declares Cash Distribution for October 2009

TSX: CFN.UN

EDMONTON, Oct. 8 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund") announces that a cash distribution of $0.015 per trust unit has been declared for October 2009, with a payable date of October 30, 2009, to Unitholders of record on October 20, 2009. The ex-distribution date is October 16, 2009. This brings the year-to-date cash distribution per unit for 2009 to $0.045.

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.

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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: tgraf@carfinco.com, E-mail: Info@howardgroupinc.com OR The Howard Group Inc., Jeff Walker, Bob Beaty, Investor Relations, Telephone: 1-888-221-0915, Telephone: (403) 221-0915, Website: www.howardgroupinc.com

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Carfinco Financial Group Inc.

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