Income Financial Trust
TSX : INC.un

Income Financial Trust

August 25, 2006 09:58 ET

Income Financial Trust: Results for the Six Months Ending June 30, 2006

TORONTO, ONTARIO--(CCNMatthews - Aug. 25, 2006) - INCOME FINANCIAL TRUST ("Income Financial") today announced its semi-annual financial results for the six months ending June 30, 2006.

Six regular monthly payments of $0.17708 per unit ($2.125 annually) and a special distribution of $0.14 were made during the period. A total of 93 distributions totaling $17.15 per unit have been paid since inception. The net asset value per unit was $19.93 as of June 30, 2006. Net assets increased by $86.6 million to $156.0 million as at June 30, 2006 due primarily to the net addition of assets from the mergers of Income Financial Plus Trust, American Income and AmeriStar RSP Trust into Income Financial.

Selected Financial Information from the Annual Statement of Operations:

Six months Ending
June 30, 2006

Income 1.432
Expenses .753
Net investment income .679
Realized option premiums and gain
on sale of investments 2.487
Change in unrealized appreciation
(depreciation) of investments (4.840)
Increase (decrease) in net assets
from operations before distributions (1.67)

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.

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