Income Financial Plus

Income Financial Plus

March 18, 2005 09:00 ET

Regular Monthly Distribution Declared-Income Financial PLUS


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INCOME FINANCIAL PLUS

TSX SYMBOL: INZ.UN

MARCH 18, 2005 - 09:00 ET

Regular Monthly Distribution Declared-Income Financial
PLUS

TORONTO, ONTARIO--(CCNMatthews - March 18, 2005) - INCOME FINANCIAL PLUS
TRUST ("IFP") (TSX:INZ.un) declares its regular monthly distribution of
$0.2083 per unit ($2.50 annually). Distributions are payable April 8,
2005 to shareholders on record as of March 31, 2005.

Income Financial PLUS unitholders have received a total of $7.71 per
unit in distributions since inception, inclusive of this distribution.

IFP 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. IFP may also invest up to 50%
of the portfolio in non-Financial services companies selected from the
S&P 500 Index. Quadravest Capital Management actively manages IFP'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.



IFP Distribution Details:

- Regular Distribution per Unit: $ 0.2083

- 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