November 15, 2016 09:00 ET
TORONTO, ONTARIO--(Marketwired - Nov. 15, 2016) - Income Financial Trust ("Income Financial") declares its monthly distribution of $0.10525 per unit. The distribution is payable December 9, 2016 to unit holders on record as at November 30, 2016.
Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying a 10.00% 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 November 30, 2016 will receive a dividend of $0.10525 per unit based on the VWAP of $12.63 payable on December 9, 2016. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
Income Financial unitholders have received a total of $29.36 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.
Income Financial TrustInvestor Relations: 1-877-478-2372Local: email@example.com
See all RSS Newsfeeds