Income Financial Trust
TSX : INC.un

Income Financial Trust

March 22, 2007 12:11 ET

Income Financial Results for the Year Ending December 31, 2006

TORONTO, ONTARIO--(CCNMatthews - March 22, 2007) - INCOME FINANCIAL TRUST ("Income Financial") today announced its annual financial results for the year ending December 31, 2006.

Twelve regular monthly payments of $0.17708 per unit ($2.125 annually) and 3 special distributions of $0.14 per unit for a total of $2.545 per unit were made during the period. A total of 101 distributions (94 regular and 7 special) totaling $18.50 per unit have been paid since inception.

The net asset value per unit increased $1.24 to $22.22 (after the payment of all distributions) as of December 31, 2006. Net assets were $170.0 million as at December 31, 2006.

Selected Financial Information from the Annual Statement of Operations:
Year Ending
December 31, 2006

Income 3.490

Expenses (1.967)

Net investment income 1.523

Realized option premiums and gain on sale of investments 5.873

Change in unrealized appreciation of investments 18.624
Increase in net assets from operations before
distributions 26.020

Comparative financial information is available in documents filed on

Income Financial was launched in February 1999. It 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
    Toll free at 1-877-4-Quadra (1-877-478-2372)