Income Financial Plus
TSX : INZ.UN

Income Financial Plus

June 01, 2005 11:00 ET

Income Financial Plus Trust Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - June 1, 2005) - Income Financial Plus Trust ("IFPT") (TSX:INZ.UN), announced today acceptance by the Toronto Stock Exchange of notice of IFPT's intention to purchase from time to time, if it is considered advisable, up to 383,350 of its outstanding units through the facilities of the Toronto Stock Exchange representing 5% of the 7,667,007 units of IFPT issued and outstanding as at the date hereof. The Board of Directors of Quadravest Inc., the Manager, on behalf of IFPT, believes that such purchases may from time to time be in the best interests of IFPT and a desirable use of investment trust funds. Purchases of units may be made pursuant to this notice in the 12-month period commencing June 3, 2005 and ending June 2, 2006. All units of IFPT purchased pursuant to this notice will be cancelled by IFPT. Within the past 12 months, IFPT has purchased a total of 196,500 units pursuant to its current normal course issuer bid through the facilities of the TSX at an average price of $16.38.

Contact Information

  • Quadravest Capital Management
    Wayne Finch
    Chairman & Chief Investment Officer
    (416) 304-4443
    or
    Quadravest Capital Management
    Laura Johnson
    Vice President
    (416) 304-4443
    or
    Quadravest Capital Management
    Peter Cruickshank
    Chief Financial Officer
    (416) 304-4443
    info@quadravest.com
    http://www.quadravest.com