Income Financial Trust
TSX : INC.un

Income Financial Trust

March 27, 2008 10:30 ET

Income Financial: Results for the Year Ending December 31, 2007

TORONTO, ONTARIO--(Marketwire - March 27, 2008) - INCOME FINANCIAL TRUST ("Income Financial") today announced its annual financial results for the year ending December 31, 2007. The net asset value per unit was $16.49 as at December 31, 2007.

Twelve regular monthly payments of $0.17708 per unit ($2.125 annually) were made during the period. A total of 113 distributions (106 regular and 7 special) totaling $20.63 per unit have been paid since inception (February 1999).

Selected Financial Information from the Statement of Operations:
For the year ending December 31, 2007
($ Millions)

Income 3.428

Expenses (1.804)
Net investment income 1.624

Realized option premiums and gain on sale of investments 5.354

Change in unrealized appreciation (depreciation) of investments (30.285)
Increase (decrease) in net assets from operations before
distributions (23.307)

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.

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