Income Financial Trust

TSX : INC.un


Income Financial Trust

February 19, 2014 17:10 ET

Income Financial Trust Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwired - Feb. 19, 2014) - Income Financial Trust ("Income Financial") is pleased to declare its monthly distribution be $0.08908 per unit. The distribution is payable March 10, 2014 to unitholders on record as of February 28, 2014.

Under the distribution policy announced on November 18, 2103, the monthly distribution is determined by applying a 10% annualized rate on the volume weighted average market price (VWAP) of Income Financial's units over the last 3 trading days of the preceding month. As a result, holders of record on February 28, 2014 will receive a distribution of $0.08908 per unit based on the VWAP of $10.69 over the last 3 trading days of January, payable on March 10, 2014. Effectively the amount of the new distribution policy will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $26.24 per unit in distributions since inception, inclusive of this distribution.

Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian & U.S. banks, life insurance and investment firms.

Distribution Details:
Variable Distribution per Unit: $0.08908
Ex-Dividend Date: February 26, 2014
Record Date: February 28, 2014
Payable Date: March 10, 2014

Contact Information

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