Income Financial Trust

Income Financial Trust

February 18, 2016 09:00 ET

Income Financial Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwired - Feb. 18, 2016) - Income Financial Trust ("Income Financial") is pleased to declare its monthly distribution of $0.09750 per unit. The distribution is payable March 10, 2016 to unitholders on record as of February 29, 2016.

Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying a 10% annualized rate on the volume weighted average market price (VWAP) of Income Financial's units over the last 3 trading days of the preceding month. As a result, holders of record on February 29, 2016 will receive a distribution of $0.09750 per unit based on the VWAP of $11.70 over the last 3 trading days of January payable on March 10, 2016. The yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $28.45 per unit in distributions since inception, inclusive of this distribution.

Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian & U.S. banks, life insurance and investment firms.

Distribution Details:
Variable Distribution per Unit: $0.09750
Ex-Dividend Date: February 25, 2016
Record Date: February 29, 2016
Payable Date: March 10, 2016

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