What is Carfinco?
Carfinco is a growth-oriented company that provides consumer car loans to borrowers unable to obtain financing through traditional lending sources.
What does Carfinco do?
The compnay works with its partner car dealerships in a network of select independent and franchise car dealerships that offer Carfinco’s payment plan to their customers. In order to secure a loan from Carfinco, applicants, along with the vehicle, must meet Carfinco's underwriting Guidelines.
How does the company determine the cash dividends to shareholders?
Carfinco’s Board of Directors determines the level of cash dividends based on the recent performance of the underlying business, including its financial position.
Carfinco Financial Group Inc. hereby designates all dividends paid or deemed to be paid as "eligible dividends" for the purposes of the Income Tax Act (Canada) and similar provincial and territorial legislation, unless otherwise indicated.
When are dividends paid?
Carfinco’s policy is to make dividends on a monthly basis to shareholders of record as of the 20th day of each month with dividends being paid on the final business day of each month. In certain circumstances, special one-time dividends may be issued.
Where are Carfinco’s shares traded?
The company's shares are traded on the TSX, Canada’s largest equities exchange, under the symbol "CFN".
When does the company release its annual and quarterly results?
The company operates on a December 31 year end. It is obligated under securities laws to release its quarterly financial results within 45 days of each quarter end and its annual financial results within 90 days of the year end.
Who are the company's Directors and officers?
Carfinco has seven Directors: Tracy A. Graf, J. Daryl MacLellan, Brent Channell, Maurice Kagan, David Prussky, David Rosenkrantz and Simon Serruya.
The company also has three officers: Tracy Graf is President and CEO of Carfinco , Troy Graf is Vice President and COO and Stephen Dykau is CFO.
By virtue of Mr. Graf’s role as President of Carfinco, and through a consulting agreement Mr. Prussky and Mr. Rosenkrantz have with the company, they are considered related to the company. The remaining Directors are independent within the meaning of Multilateral Instrument 52-110 – Audit Committees.
Where is the head office located?
Carfinco Financial Group Inc., 4245-97 Street, Suite 300, Edmonton, AB T6E 5Y7
Who is Carfinco’s transfer agent?
Equity Transfer & Trust Company
505 - 3rd Street SW , Suite 850
Calgary, AB T2P 3E6