TORONTO, ONTARIO--(Marketwired - March 19, 2014) - Income Financial Trust ("Income Financial") is pleased to declare its monthly distribution be $0.08867 per unit. The distribution is payable April 10, 2014 to unitholders on record as of March 31, 2014.
Under the distribution policy announced on November 18, 2103, 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 March 31, 2014 will receive a distribution of $0.08867 per unit based on the VWAP of $10.64 over the last 3 trading days of February, payable on April 10, 2014. The yield will remain stable at 10% (based on the VWAP) under this distribution policy.
Income Financial unitholders have received a total of $26.32 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: | $0.08867 |
| Ex-Dividend Date: | March 27, 2014 |
| Record Date: | March 31, 2014 |
| Payable Date: | April 10, 2014 |
Contact Information:
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.quadravest.com