CFI Trust retires all of its ABCP

    Financing reinforces quality of assets and transparent nature of the

    TORONTO, Feb. 15 /CNW/ - CFI Leasing Limited, the administrative agent of
CFI Trust, today announced CFI Trust (the Trust) has repaid all of its
remaining extended commercial paper through the issuance of a medium term
note. As part of the issuance of this note CFI Trust's rating was re-confirmed
as AA. With this financing CFI Trust has now retired all of its asset backed
commercial paper (ABCP).
    "Our ability to raise the funds necessary to retire all of our ABCP is
testament to the asset quality and transparent nature of the Trust," said
Kevin Andrews, President and CEO of the CFI Group. "We are pleased that
through this financing we can continue to ensure on-going and stable funding
for the originators in the Trust and we appreciate the support of our
long-term institutional investors."
    CFI Trust was created as a special purpose vehicle and issues notes
backed by CFI Trust's revolving portfolio of automotive leases and secured
loans. The assets are acquired from experienced manufacturer franchised
automobile dealers and independent leasing companies in Canada which have
entered into an agreement with CFI Trust after being approved by a rating
agency as originators to CFI Trust.
    CFI Trust is not a participating member in the "Montreal Accord". The
Trust's ability to secure this financing, acting as an independent issuer of
ABCP, reinforces the asset quality of the loans and leases contained in the

    This press release contains forward-looking statements, which are subject
to certain risks, uncertainties and assumptions. These forward-looking
statements relate to, among other things, CFI Leasing Limited's plans,
objectives, expectations, estimates, beliefs and strategies. A number of
factors could cause actual results to differ materially from the results
discussed in such statements, and there is no assurance that actual results
will be consistent with them. Such factors include, among others, the risk
factors set forth in CFI Trust's Annual Information Form filed on SEDAR
( Given these uncertainties, readers are cautioned not to place
undue reliance on these forward-looking statements. The forward-looking
statements made herein are made as at the date of this news release, and CFI
Leasing Limited assumes no obligation to update or revise them, either
publicly or otherwise, to reflect new events, information or circumstances,
except as may be required under applicable securities law.

    About CFI Group:
    With over 20 years of experience and having completed $5 billion of
transactions, CFI Group, through Corpfinance International Limited, CFI
Capital and CFI Trust, are specialists in providing customized medium and
long-term debt and equity financing solutions for private and public
corporations. The Company is based in Toronto, Ontario with offices in Quebec
and British Columbia.
    CFI Group offers debt through Corpfinance International and equity
capital solutions through its subsidiary CFI Capital, which manages the CFI
Infrastructure Opportunities Fund and securitization solutions through CFI
Trust. CFI Trust is a special purpose vehicle and issues notes backed by the
Trust's revolving portfolio of leases and secured loans related almost
exclusively to passenger vehicles.

    For more information on CFI Group, visit

For further information:

For further information: Kevin Andrews, President and CEO, CFI Group,
(416) 673-2350,; or John Burns, Senior Vice President
& General Counsel, Corpfinance International Limited, (416) 673-2366,

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