Thursday, 25 November 2010

Carfinco - From Sea to Shining Sea

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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Carfinco announced today that it is now truly a national fund as it will be offering the province of Quebec its unique lending niche.

The fund has been growing at a record rate and will now be implementing its financing programs to automotive dealerships in Quebec allowing for the growth to continue.

Quebec is the second most populated province in Canada, second only to Ontario and has 7.9 million people or 23% of Canada's overall population.

See full news release here.......