Income Financial Trust
TSX : INC.un

Income Financial Trust

August 26, 2009 10:03 ET

Income Financial Results for the Six Months Ending June 30, 2009

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2009) - INCOME FINANCIAL TRUST ("Income Financial") announces semi-annual financial results for the six months ending June 30, 2009.

The six month period ending June 30, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the financial services stocks in the portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of June.

The net asset value as at June 30 ended $1.04 higher to $9.22 per unit over the six month period. Total variable distributions of $0.3268 cents per unit were made during the period. A total of 131 distributions totaling $22.49 per unit have been paid since inception (February 1999).

Selected Financial Information from the Statement of Operations:
For the six months ending June 30, 2009

($ Millions)

Income 0.880

Expenses (0.302)

Net investment income 0.578

Realized option premiums and gain (loss) on sale of investments (5.457)

Change in unrealized depreciation of investments 9.735

Increase in net assets from operations before distributions 4.856

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)