EDMONTON, Aug. 9 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund")
announces that a cash distribution of $0.027 per trust unit has been declared
for August 2007, with a payable date of August 31, 2007, to Unitholders of
record on August 20, 2007. The ex-distribution date is August 16, 2007. This
brings the total year-to-date cash distribution per unit to $0.216.
"Loan originations in the Fund's Regular, Second Chance and GO Plan
programs combined, continue to be strong, with July being the best month in
the Fund's history", commented Tracy Graf, President & CEO. "The Fund
originated $6.4 million in new loans, increasing the finance receivables
during the month by 2.5% to $85.6 million at the end of July."
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: