Carfinco Income Fund

Carfinco Income Fund

November 10, 2011 11:03 ET

Carfinco Income Fund Investor Presentation Now Available Online

CALGARY, ALBERTA--(Marketwire - Nov. 10, 2011) -

Editor's Note: There is a photo and a video associated with this release.

On October 24, 2011 The Howard Group hosted its 3rd annual "Opportunity Knocks" investor conference in Calgary. Tracy Graf, President & CEO of Carfinco Income Fund (TSX:CFN.UN) provided an overview of the company to an audience of investment advisors & private investors.

A recording of the presentation is now available online. Click here to view -

Highlights on Carfinco Income Fund are as follows:

  • Targets an annual 20% loan portfolio growth
  • Board of trustees intends to maintain a 3 cent per month cash distribution/dividend in 2011 & beyond
  • Nine consecutive quarters of record pre-tax net earnings
  • Large management and board ownership aligns the interest with unitholders
  • Pre-tax earnings for Q2 2011 were $5.8 million, up 24.3% from the $4.6 million for Q2 2010
  • Earnings per fund unit for Q2 2011 was 17 cents
  • Return on unitholder's equity for Q2 2011 on an annualized basis was 56.3%
  • Unitholder's equity increased 8.3% to $31.7 million in Q2

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.

To view the fact sheet associated with this release, please see the following link:

To view the photo associated with this release, please see the following link:

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