Income Financial Trust

Income Financial Trust

March 18, 2005 09:00 ET

Regular Monthly Distribution Declared-Income Financial


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INCOME FINANCIAL TRUST

TSX SYMBOL: INC.UN

MARCH 18, 2005 - 09:00 ET

Regular Monthly Distribution Declared-Income Financial

TORONTO, ONTARIO--(CCNMatthews - March 18, 2005) - INCOME FINANCIAL
TRUST (TSX:INC.un) ("INCOME FINANCIAL") declares its regular monthly
distribution of $0.17708 per unit ($2.1250 annually). Distributions are
payable April 8, 2005 to shareholders on record as of March 31, 2005.

Income Financial unitholders have received a total of $14.36 per unit in
distributions since inception, inclusive of this distribution.

Income Financial invests 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 actively manages Income Financial's investment portfolio.

Quadravest Capital Management Inc. is focused on the creation and
management of enhanced yield products for retail investors. It's
management style combines active security selection with covered call
option writing. This strategy generates additional returns above
dividend and interest income earned in the portfolio. Quadravest is
dedicated to providing investors with products that offer both steady
income and capital preservation for the long term.

Income Financial Distribution Details:

- Regular Distribution per Unit: $ 0.17708

- Ex-Dividend Date: March 29, 2005

- Record Date: March 31, 2005

- Payable Date: April 8, 2005

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Quadravest Capital Management
    Wayne Finch
    Chairman & Chief Investment Officer
    (416) 304-4443
    or
    Quadravest Capital Management
    Laura Johnson
    Vice President
    (416) 304-4443
    or
    Quadravest Capital Management
    Peter Cruickshank
    Chief Financial Officer
    (416) 304-4443
    info@quadravest.com
    www.quadravest.com