August 25, 2016 6:44 AM ET

Consumer Finance

Company Overview of Carfinco Financial Group Inc.

Company Overview

Carfinco Income Fund operates as an unincorporated open-end mutual fund trust in Canada. The fund, through Carfinco Holdings Trust and Carfinco, Inc., holds 100% interest in Carfinco Limited Partnership, which purchases loans, originated by independent and franchise vehicle dealers to consumers buying late-model used automobiles. The fund was founded in 1997 and is headquartered in Edmonton, Canada. As of March 6, 2015, Carfinco Financial Group Inc. operates as a subsidiary of Banco Santander, S.A.

4245-97th Street

Suite 300

Edmonton, AB T6E 5Y7

Canada

Founded in 1997

212 Employees

Phone:

780-413-7549

Key Executives for Carfinco Financial Group Inc.

Chief Executive Officer, President, Director, Member of Disclosure Committee and President of Carfinco Inc
Age: 52
Chief Financial Officer
Chief Operating Officer, Executive Vice President and Member of Disclosure Committee
Age: 45
Vice President of Business Development
Vice President of Account Acquisition
Compensation as of Fiscal Year 2016.

Carfinco Financial Group Inc. Key Developments

Carfinco Financial Group Inc.(TSX:CFN) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Carfinco Financial Group Inc.(TSX:CFN) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Carfinco Financial Group Inc.(TSX:CFN) dropped from S&P Global BMI Index

Carfinco Financial Group Inc.(TSX:CFN) dropped from S&P Global BMI Index

Carfinco Financial Group Inc.’s Shares To Be Delisted From Toronto Stock Exchange

Carfinco Financial Group Inc. announced the successful completion of the previously announced acquisition of Carfinco by Santander Holding Canada Inc. (Acquireco), a wholly-owned subsidiary of Banco Santander, S.A. by way of plan of arrangement. Pursuant to the arrangement, Acquireco has acquired ownership of all issued and outstanding common shares of Carfinco at a price of $11.25 per Carfinco share. The Carfinco shares are expected to be delisted from the Toronto Stock Exchange following the close of trading on March 9, 2015.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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