Income Financial Announces Monthly Distribution
Income Financial Trust ("Income Financial") has declared its monthly distribution of $0.06925 per unit. This distribution will be paid to unit holders who are on record.
Distribution Policy
According to the distribution policy established in 2013, the monthly distribution is calculated using a 10.00% annualized rate based on the volume weighted average market price (VWAP) of Income Financial's units over the last three trading days of the previous month. Those who are on record will receive a dividend that reflects this VWAP.
Total Distributions
Since its inception, Income Financial unitholders have received a total of $38.53 per unit in distributions, which includes the current distribution.
Investment Overview
Income Financial focuses its investments on a diverse portfolio of North American financial services companies, which feature some of the most reputable banks, life insurance providers, and investment firms in Canada and the U.S.
Contact Information
For inquiries, please reach out to Investor Relations at 1-877-478-2372.
For local calls, you can contact us at 416-304-4443.
For email inquiries, please write to 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 together with the distribution details.
How is the monthly distribution calculated?
The calculation of the distribution is based on a 10.00% annualized rate applied to the VWAP over designated trading days.
What total distributions have been received by unitholders?
Unitholders have received a cumulative total of $38.53 per unit since the inception of the trust.
What types of companies does Income Financial invest in?
Income Financial invests in various North American financial services companies, including banks and life insurance firms.