Income Financial Trust Announces Monthly Distribution Details
Income Financial Trust Declares Monthly Distribution
Income Financial Trust, known for its financial services investments, has announced a monthly distribution of $0.06942 per unit. This distribution is set to be paid out on December 10 to all unitholders recorded by November 29. This systematic approach ensures that investors are rewarded regularly, aligning with Income Financial's commitment to maintaining a robust return.
Understanding the Monthly Distribution Calculation
The distribution policy, which was first introduced in 2013, is structured around a 10.00% annualized rate applied to the volume weighted average market price (VWAP) of Income Financial's units. This means that for November, the VWAP was calculated to be $8.33, leading to the declared dividend of $0.06942 per unit. This consistent methodology allows unitholders to plan their investments with confidence, expecting steady yields.
Total Distributions Since Inception
Since the inception of Income Financial, unitholders have benefited from a cumulative total of $38.73 per unit in distributions. This impressive figure demonstrates the trust's effective investment strategy and its dedication to delivering value to its investors. As the financial market evolves, Income Financial remains committed to navigating these changes while safeguarding unitholder interests.
Investment Portfolio and Strategy
Income Financial Trust invests predominantly in a diverse portfolio of North American financial services companies. This investment approach includes ties to some of the leading Canadian and U.S. banks, as well as other life insurance and investment firms. This diversification not only enhances stability but also increases growth potential, essential in today’s fluctuating market.
Distribution Breakdown
For clarity, here are the key distribution details:
- Trust Unit: INC.UN
- Distribution Amount: $0.06942
- Record Date: November 29
- Payable Date: December 10
Further Information
For any queries regarding the distributions or investor relations, you can contact them directly. The dedicated investor relations team is available at 1-877-478-2372 or locally at 416-304-4443.
Investors interested in learning more about Income Financial Trust's operations and investment strategies can navigate to their official website for additional insights.
Frequently Asked Questions
What is the amount of the declared distribution by Income Financial Trust?
The declared distribution is $0.06942 per unit.
When will the distribution be paid out to unitholders?
The distribution is expected to be paid on December 10.
How is the monthly distribution calculated?
The distribution is based on a 10.00% annualized rate applied to the volume weighted average market price of the units over the last three trading days of the preceding month.
What is included in Income Financial's investment portfolio?
Income Financial's portfolio mainly comprises North American financial services companies, including top banks and insurance firms.
How can investors find out more information?
Investors can reach out to the investor relations team or visit their official website to gather further details on performance and strategies.
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