CFI Trust Closes $200 Million AAA-Rated Bond Deal

CFI chose to reduce energy consumption by creating many sources of natural light, such as windows and skylights throughout our building. Layered and independently switched lighting, and timers throughout our building control over how many lights are on at any one time.

August 11, 2005

Toronto, Ontario - August 11, 2005 - CFI Trust, a special-purpose vehicle managed by Corpfinance International Limited, a specialist in medium and long-term structured and infrastructure financing for private and public corporations, today announced the closing of C$200 million of AAA-rated Receivables-Backed Notes. This is the second AAA-rated bond CFI trust has closed. CFI Trust closed its first C$190 million bond in October 2003.

Series 2005-1, Class A-1 is comprised of $200 million of Floating Rate Receivables-Backed Notes (3 month CDOR plus 31 bps), maturing September 2008.

The Trust has issued, and will continue to issue, Notes backed by the Trust’s assets. The Trust’s assets include interests in a revolving portfolio of leases and secured loans relating to passenger automobiles, sport utility vehicles, mini-vans and pick-up and light-duty trucks, which interests are acquired from manufacturer-franchised automobile dealers and independent leasing companies who have each entered into securitization agreements with the Trust.

CIBC World Markets Inc. led the syndicate that underwrote the deal, which also included HSBC Securities (Canada) Inc. and Scotia Capital Inc. The issuer trustee is Montreal Trust Company of Canada. Legal counsel to CFI Trust was Gowling Lafleur Henderson LLP, while Stikeman Elliott LLP acted as counsel to the underwriters.

As additional credit enhancement for the Notes, the Trust issued, on a concurrent basis by way of private placement, $6,000,000 of 4.46 per cent Receivables-Backed Notes, Series 2005-1, Class B.

The Notes have been rated by Dominion Bond Rating Service and will not be listed on any securities or stock exchanges.

About Corpfinance International Limited

Corpfinance International Limited specializes in providing customized medium and long-term structured and infrastructure financing and capital solutions for private and public corporations. The company is based in Toronto, Ontario with offices in Quebec and British Columbia and is owned by management and Canada Life.

Corpfinance offers capital solutions through its wholly owned subsidiary CFI Capital and securitization solutions through CFI Trust which is AAA rated by DBRS and has generated over $2 billion in originations. With transactions ranging from $10 million to $100 million, Corpfinance can offer fixed interest terms and amortizations up to thirty years.

For more information on Corpfinance and CFI Trust, visit http://www.corpfinance.ca.

For more information, please contact:
Joshua Orzech
GCI Group
(416) 486-5923 .(JavaScript must be enabled to view this email address)