The Howard Group

News Release November 30, 2009
Carfinco Income Fund (TSX - CFN.UN)

Carfinco Income Fund Announces Issuance of Unit Options

17:55 EST Monday, November 30, 2009

TSX: CFN.UN

EDMONTON , Nov. 30 /CNW/ - Carfinco Income Fund ("Carfinco" or the "Fund") announces that the Board has approved a one-time grant of an aggregate of 100,000 unit options to Mr. Troy Graf , Chief Financial Officer of the Fund. Each option is exercisable to acquire one trust unit of the Fund at a price of $2.00 per unit for a term of up to three years, expiring on November 13, 2012 . The options will vest annually over a period of three years. The unit options are subject to the approval of the Fund's unitholders.

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.

For further information contact:

Carfinco Income Fund
The Howard Group Inc.

Tracy Graf , CEO & Trustee
Carfinco Income Fund
Toll Free: 1-888-486-4356
tgraf@carfinco.com
www.carfinco.com

 

Jeff Walker/Bob Beaty
The Howard Group Inc.
Toll Free: 1-888-221-0915
Phone:(403) 221-0915
Fax: (403) 237-8387
Info@howardgroupinc.com
www.howardgroupinc.com

 

 

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