Tuesday, 7 September 2010

Carfinco Drives Home Cash

Carfinco Income Fund (TSX:CFN.UN) Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
Q2/2010 special distribution: $0.10
Q3/2010 special distribution: $0.10
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Record quarter over quarter earnings has allowed Carfinco to provide yet another special quarterly distribution to Unitholders.

This morning, the Fund announced a special September distribution of $0.10 per unit. The special combined with the regular monthly distribution of $0.02 totalled $0.12 in distributions for September.

To date, Carfinco has distributed $0.415 this year to Unitholders averaging a payout of $0.046 per month per unit.