EDMONTON, Dec. 11, 2012 /CNW/ - Carfinco Financial Group Inc.
("Carfinco" or the "Company") announces a regular cash dividend for the
month of December and a special cash dividend to its Shareholders.
A regular cash dividend of 4 cents per share and a special cash dividend
of 5 cents per share have been declared for December 2012, with a
payable date of December 31, 2012, to Shareholders of record on
December 20, 2012. The ex-dividend date is December 18, 2012.
"The 9 cent dividend in December takes the total cash dividends during
2012 to 47 cents per share versus 36 cents in 2011," stated Tracy Graf,
CEO of the Company. "The 11 cent increase in total dividends paid
reflects the continued positive financial performance of the Company."
About Carfinco Financial Group Inc.
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 shares of the Company trade on
The Toronto Stock Exchange under the symbol "CFN".
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.
Jeff Walker / Dave Burwell
Web site: www.howardgroupinc.com