Income Financial Trust
TSX : INC.un

Income Financial Trust

September 18, 2014 09:00 ET

Income Financial Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwired - Sept. 18, 2014) - Income Financial Trust ("Income Financial") is pleased to declare its monthly distribution be $0.09175 per unit. The distribution is payable October 10, 2014 to unitholders on record as of September 30, 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 September 30, 2014 will receive a distribution of $0.09175 per unit based on the VWAP of $11.01 over the last 3 trading days of August payable on October 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 $26.87 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: $0.09175
Ex-Dividend Date: September 26, 2014
Record Date: September 30, 2014
Payable Date: October 10, 2014

Contact Information

  • Income Financial Trust
    Investor Relations
    416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
    www.quadravest.com