Automotive Finco Corp. Announces March 2021 Cash Dividend

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TORONTO, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Automotive Finco Corp. (TSX-V: AFCC) (the "Company") is pleased to announce a cash dividend of $0.0171/common share ($0.205/common share on an annual basis) to be paid on March 31, 2021 to the shareholders of record as of February 26, 2021. The dividend is an eligible dividend.

The declaration, amount and payment of future cash dividends are subject to the board of directors' continuing determination that the payment of dividends are in the best interests of the Company, its shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

About Automotive Finco Corp.

Automotive Finco Corp. ("AFCC") is a finance company focused exclusively on the auto retail sector. Through its investment in Automotive Finance LP, AFCC has exposure to a business providing long term, debt based acquisition financing to auto dealerships across the globe, with an initial focus on Canada. In addition to its interest in Automotive Finance LP, AFCC may also pursue other direct investments and financing opportunities across the auto retail sector.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please refer to the Company's website at www.autofincocorp.com or contact Shannon Penney, Chief Financial Officer, at [email protected] or (905) 619-4996.