Income Financial Declares Monthly Distribution
April 21 2014 - 8:00AM
Marketwired
Income Financial Declares Monthly Distribution
TORONTO, ONTARIO--(Marketwired - Apr 21, 2014) - Income
Financial Trust ("Income Financial") is pleased to declare its
monthly distribution be $0.09042 per unit. The distribution is
payable May 9, 2014 to unitholders on record as of April 30,
2014.
Under the
distribution policy announced on November 18, 2103, the monthly
distribution is determined by applying a 10% 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. As a
result, holders of record on April 30, 2014 will receive a
distribution of $0.09042 per unit based on the VWAP of $10.85 over
the last 3 trading days of March, payable on May 9, 2014. The yield
will remain stable at 10% (based on the VWAP) under this
distribution policy.
Income Financial
unitholders have received a total of $26.42 per unit in
distributions since inception, inclusive of this distribution.
Income Financial
invests in a portfolio of North American financial services
companies including some of the strongest Canadian & U.S.
banks, life insurance and investment firms.
Distribution Details: |
|
Variable Distribution per Unit: |
$0.09042 |
Ex-Dividend Date: |
April 28, 2014 |
Record Date: |
April 30, 2014 |
Payable Date: |
May 9, 2014 |
Income Financial TrustInvestor Relations416-304-4443 or Toll
Free at 1-877-4-Quadra (1-877-478-2372)www.quadravest.com
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