Income Financial Trust Announces Monthly Distribution Update

Income Financial Trust Declares Monthly Distribution
Income Financial Trust, affectionately known as Income Financial, has made an important announcement regarding its monthly distribution. The trust declares a dividend of $0.06708 per unit, which will be distributed to unit holders. This payment will be made on May 9 to those recorded as holding units by April 30.
Understanding the Monthly Distribution Policy
The determination of this monthly distribution follows a specific policy established on November 18, 2013. This policy incorporates a 10.00% annualized rate, which is based on the weighted average market price (VWAP) of Income Financial's units over the last three trading days of the preceding month. As such, those who are on record as of April 30 will receive the stated dividend, based on a VWAP of $8.05. This financial strategy ensures that yields remain stable at 10.00%, reaffirming Income Financial's commitment to its unitholders.
Enduring Value for Unitholders
Since its inception, Income Financial Trust has been dedicated to providing value to its unitholders. To date, unitholders have enjoyed a cumulative distribution of $39.09 per unit. This figure illustrates the trust’s unwavering approach to delivering consistent returns, demonstrating its long-term viability and stability in a competitive marketplace.
The Investment Portfolio
Income Financial Trust positions itself within a diverse portfolio of North American financial service firms. It strategically invests in some of the most robust banks and investment companies based in both Canada and the United States. This diversified strategy not only reduces risk but also positions the trust to benefit from the growth and stability of these leading financial organizations.
Detailed Distribution Information
Trust Unit: INC.UN
Distribution Amount: $0.06708
Record Date: April 30
Payable Date: May 9
Investor Relations Contact
If you have any inquiries or need clarification about the distribution or investment strategies, you can reach out to Income Financial Trust's investor relations. They are available at 1-877-478-2372 or locally at 416-304-4443. For further information, you can also visit their website at www.quadravest.com or connect via email at info@quadravest.com.
Frequently Asked Questions
What is the monthly distribution amount declared by Income Financial?
The monthly distribution amount declared by Income Financial Trust is $0.06708 per unit.
When is the payable date for the distribution?
The payable date for the distribution is May 9.
What is the record date for unit holders?
The record date for unit holders is April 30.
How has Income Financial Trust performed since its inception?
Since its inception, Income Financial Trust has provided a total of $39.09 per unit in distributions to its unitholders.
What kind of companies does Income Financial invest in?
Income Financial Trust invests in a portfolio that includes leading North American financial services companies such as top banks, life insurance firms, and investment firms.
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