Income Financial Trust
TSX : INC.un

Income Financial Trust

March 26, 2010 12:34 ET

Income Financial: Results for the Year Ending December 31, 2009

TORONTO, ONTARIO--(Marketwire - March 26, 2010) - INCOME FINANCIAL TRUST ("Income Financial") announces annual financial results for the year ending December 31, 2009.

The year ended December 31, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the financial services stocks in the portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of December. The net asset value as at December 31, 2009 ended $1.57 higher to $9.75 per unit over the prior year. The complete financial statements are available at www.quadravest.com or www.sedar.com.

Selected Financial Information from the Statement of Operations:  
For the year ending December 31, 2009  
  ($ Millions)
Income 1.489
Expenses (0.605)
Net investment income 0.884
Net realized loss on investments and options (11.915)
Change in unrealized appreciation of investments 20.252
Increase in net assets from operations before distributions 9.221

Comparative financial information is available in documents filed on www.sedar.com.

Income Financial invests primarily in North American financial services companies whose shares are included in the TSX Financial Services Index, the S&P Financials Index or the S&P MidCap Financials Index. Quadravest Capital Management Inc. actively manages the portfolio.

Contact Information

  • Income Financial Trust
    Investor Relations
    416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
    www.quadravest.com