Income Financial Trust
TSX : INC.un

Income Financial Trust

August 28, 2007 10:40 ET

Income Financial: Results for the Six Months Ending June 30, 2007

TORONTO, ONTARIO--(Marketwire - Aug. 28, 2007) - INCOME FINANCIAL TRUST ("Income Financial") today announced its semi-annual financial results for the six months ending June 30, 2007. The net asset value per unit was $20.27 and net assets were $132.1 million as at June 30, 2007.

Six regular monthly payments of $0.17708 per unit ($2.125 annually) were made during the period. A total of 107 distributions (100 regular and 7 special) totaling $19.56 per unit have been paid since inception (February 1999).

Selected Financial Information from the Statement of Operations:
For the six months ending June 30, 2007

($ Millions)

Income 1.802

Expenses (1.008)

Net investment income 0.794

Realized option premiums and
gain on sale of investments 4.906

Change in unrealized appreciation
(depreciation) of investments (11.270)

Increase (decrease) in net assets
from operations before distributions (5.570)

Comparative financial information is available in documents filed on

Income Financial invests primarily in North American financial services companies whose shares are included in the TSX Financial Services Index, the S&P Financials Index or the S&P MidCap Financials Index. Quadravest Capital Management Inc. actively manages the portfolio.

Contact Information

  • Income Financial Trust
    Investor Relations
    (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)