Income Financial Trust
TSX : INC.un

Income Financial Trust

May 20, 2015 16:00 ET

Income Financial: Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwired - May 20, 2015) - Income Financial Trust ("Income Financial") is pleased to declare its monthly distribution be $0.09242 per unit. The distribution is payable June 10, 2015 to unitholders on record as of May 29, 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 May 29, 2015 will receive a distribution of $0.09242 per unit based on the VWAP of $11.09 over the last 3 trading days of April payable on June 10, 2015. The yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $27.59 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: $0.09242
Ex-Dividend Date: May 27, 2015
Record Date: May 29, 2015
Payable Date: June 10, 2015

Contact Information

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