New Issue: Carfinco Income Fund prices private placement for up to C$7.5 million

By Sheri Kasprzak

Atlanta, April 4 - Carfinco Income Fund said it has priced its previously announced private placement for up to C$7.5 million.

The company will sell up to 2,884,615 units and at least 1,923,077 units at C$2.60 each.

Sprott Securities Inc. is the placement agent in the deal, which is expected to close April 8.

Based in Edmonton, Alta., Carfinco is an income trust focused on consumer car loans. The proceeds will be used to repay senior and subordinated debt.

Issuer:	Carfinco Income Fund
Issue:	Units
Amount:	C$7.5 million (maximum); C$5.0 million (minimum)
Units:	2,884,615 (maximum); 1,923,077 (minimum)
Price:	C$2.60
Warrants:	No
Placement agent:	Sprott Securities Inc.
Pricing date:	April 1
Settlement date:	April 8
Stock price:	C$2.80 at close April 1

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