Carfinco Income Fund Increases Monthly Cash Distribution by 20%


EDMONTON, Sept. 8, 2011 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund") announces an increase in the monthly cash distribution rate from 2.5 cents to 3.0 cents per trust unit. A cash distribution of 3.0 cents per trust unit has been declared for September 2011, with a payable date of September 30, 2011, to Unitholders of record on September 20, 2011. The ex-distribution date is September 16, 2011.

"The increase is a reflection of the strong financial performance the Fund has achieved so far in 2011," stated Mr. Tracy Graf, CEO of the Fund. "Loan originations continue to be strong and delinquent accounts remain at acceptable levels."

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.

SOURCE Carfinco Income Fund

For further information:

Mr. Tracy A. Graf 
CEO & Trustee of Carfinco Income Fund 
Telephone: 1-888-486-4356 
Facsimile: 1-888-486-7456 
Web site: 

The Howard Group Inc.
Jeff Walker / Dave Burwell
Investor Relations
Telephone: 1-888-221-0915
Web site:

Profil de l'entreprise

Carfinco Income Fund

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