Thursday, 8 December 2011

Merry Christmas From Carfinco

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

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Some ho, ho, ho, sprinkled with dough, dough, dough is a special holiday treat for the smart girls and boys who invested in Carfinco.

The soon to be corporation upon its conversion from a Trust, opened Santa's gift bag today.

Carfinco announced that in addition to the monthly per unit $0.03 cash distribution, a special cash distribution of $0.05 per unit will be payable on December 30th, just in time for New Year's. This is for shareholders of record as of December 16th.

Distributions, which grew to $0.03 per month in combination with the special distribution will bring total cash paid out during 2011 to $0.36 per unit.

Santa, otherwise known as CEO, Tracy Graf, noted that, "this will equate to a payout of approximately half of the Fund’s net earnings for the year. The financial performance of the Fund continues to meet our expectations and we are pleased to pass this success on to our Unitholders in the form of cash distributions.”