/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TORONTO, April 30 /CNW/ - Canadian Revolving Auto Floorplan Trust
("CRAFT") responds to the announcement of Chrysler LLC today of its voluntary
petition under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court
for the Southern District of New York.
The Chrysler LLC bankruptcy filing in the United States constitutes an
amortization event under the CRAFT's Trust Indenture. As a result of the
amortization event, principal is to be paid each month to the holders of the
notes of each series and interest is to continue to be paid on the notes of
such series. For further information regarding an amortization event, refer to
CRAFT's renewal annual information form for the year ended December 31, 2008
filed on SEDAR.
CRAFT is a special purpose trust established to purchase undivided
co-ownership interests in a pool of dealer automobile finance receivables.
For further information:
For further information: Q. Gwynn Lam, Assistant Secretary, Chrysler
Financial Services Canada Inc., Telephone: (248) 427-2585, E-mail: