Carfinco Income Fund Declares Cash Distribution for June 2007

    Continued Finance Receivables Growth


    EDMONTON, June 6 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund")
announces that a cash distribution of $0.027 per trust unit has been declared
for June 2007, with a payable date of June 29, 2007, to Unitholders of record
on June 15, 2007. The ex-distribution date is June 13, 2007. This brings the
total year-to-date cash distribution per unit to $0.162.
    Finance receivables were $80.9 million as at May 31, 2007, an increase of
6.0%, during the first two months of the second quarter, from $76.3 million at
March 31, 2007. The Fund originated $6.1 million in new loans during May,
bringing the total loan originations for the first two months of the second
quarter to $12.2 million.
    "The implementation of Curomax, an on-line portal, has contributed to the
increase in loan originations", said Tracy Graf, CEO of the Fund. "The Fund is
also finalizing software development relating to DealerAccess, a second
on-line portal. We are looking forward to providing the vehicle dealerships
using the DealerAccess portal, with an additional avenue for financing their

    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
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.

    %SEDAR: 00019164E

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:

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Carfinco Financial Group Inc.

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