Income Financial Trust
TSX : INC.un

Income Financial Trust

April 20, 2015 09:00 ET

Income Financial: Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwired - April 20, 2015) - Income Financial Trust ("Income Financial") is pleased to declare its monthly distribution be $0.09183 per unit. The distribution is payable May 8, 2015 to unitholders on record as of April 30, 2015.

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 April 30, 2015 will receive a distribution of $0.09183 per unit based on the VWAP of $11.02 over the last 3 trading days of March payable on May 8, 2015. The yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $27.50 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: $0.09183
Ex-Dividend Date: April 28, 2015
Record Date: April 30, 2015
Payable Date: May 8, 2015

Contact Information

  • Income Financial Trust
    Investor Relations
    Toll Free: 1-877-4-Quadra (1-877-478-2372)