CFN.CA Profile & Description — Carfinco Financial Group Inc.
Carfinco Income Fund is an unincorporated open-end mutual fund trust company. Co. targets borrowers who are typically unable to obtain financing from traditional sources. To fund the acquisition of receivables, Co. utilizes its borrowings under its credit facility, as well as, borrowings through subordinated debenture issuances. Co. generates interest and fee income on its finance receivables and pays interest expense on borrowings under its credit facility and on outstanding subordinated debentures.