Tuesday, 20 September 2011

Carfinco Lists on S&P/TSX SmallCap Index

Carfinco Income Fund
TSX: CFN.UN
Units outstanding: 24.61 million
Units fully diluted: 24.65 million

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On Friday September 16th 2011, Carfinco joined some of the most elite Canadian securities by being placed on the S&P/TSX SmallCap Index.

In order to qualify, Carfinco had to meet a number of key criteria. The index is respected globally and many institutional investors won't look at a company unless it is trading on this index. Companies on this index include such household names as: Air Canada, Canaccord Financial, RONA Inc & many others.

The Fund also announced some changes in management yesterday placing Steve Dykau (formally Vice President of Finance) as the new CFO replacing Troy Graf who has been with Carfinco since its inception in 1996 who now is acting as Chief Operating Officer (COO).

See yesterday's news here...