Automotive Finco Corp. announces a change to the frequency of its dividend distributions from monthly to semi-annually to align with expected cash flow from its current loan investment of $21 million, announced on November 18, 2022. Accordingly the monthly cash dividend of $0.0171 /common share has been suspended effective March 1, 2023.

The Company intends to pay semi-annual dividends to be paid at the end of June and December at the same effective rate of $0.205 /common share per annum for the near term.