Income Financial Announces Monthly Distribution
Income Financial Trust ("Income Financial") declares its monthly distribution of $0.06925 per unit. The distribution is payable to unit holders on record.
Distribution Policy
Under the distribution policy announced in 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. Holders of record will receive a dividend based on the VWAP.
Total Distributions
Income Financial unitholders have received a total of $38.53 per unit in distributions since inception, inclusive of this distribution.
Investment Overview
Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian and U.S. banks, life insurance, and investment firms.
Contact Information
Investor Relations: 1-877-478-2372
Local: 416-304-4443
Email: info@quadravest.com
Frequently Asked Questions
What is the amount of the monthly distribution?
The monthly distribution is $0.06925 per unit.
When is the payable date for this distribution?
The payable date is announced along with the distribution information.
How is the monthly distribution calculated?
The distribution is calculated based on a 10.00% annualized rate applied to the VWAP over specific trading days.
What total distributions have been received by unitholders?
Unitholders have received a total of $38.53 per unit since inception.
What types of companies does Income Financial invest in?
Income Financial invests in North American financial services companies, including banks and life insurance firms.
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