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Bullboard - Stock Discussion Forum Income Financial Trust Unit T.INC.UN

Alternate Symbol(s):  ICFNF

Income Financial Trust is a mutual fund trust. It is managed by Quadravest Capital Management Inc. The trust's investment objective is to provide unitholders with a stable stream of monthly distributions by investing in a diversified portfolio consisting primarily of common shares issued by corporations whose shares are included in the S&P/TSX Capped Financials Index, the S&P 500 Financials Index, or the S&P MidCap 400 Financials Index.

The Market Herald Price Sensitive
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RE:RE:RE:RE:Monthly Distribution

If I'm not mistaken ... that split is paying all the time and is not subject to 15$ treshold ... good or bad times it will pay dividends .... and always did   rate and reply

A Week of Reckoning

This is a week of reckoning for this stock.  It has cratered 15% on the week (16% at the low), as investors realize its mid-month premium to NAV was 95%!  rate and reply

RE:RE:RE:Monthly Distribution

The owners must think they own regular etfs. As a closed end fund, they don't realize the nav doesnt equal the selling price.     rate and reply

RE:RE:Monthly Distribution

There is a healthy demand for the product, so I am surprised they would not issue shares using the ATM program.  It makes so much sense.  Increases the NAV for shareholders.  Managment...read more

RE:Monthly Distribution

This must be owned by idiots, the nav is 8.37     rate and reply

Monthly Distribution

TORONTO, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Income Financial Trust ("Income Financial") declares its monthly distribution of $0.13383 per unit. The distribution is payable December 10, 2021...read more

Monthly Distribution

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Income Financial Trust ("Income Financial") declares its monthly distribution of $0.13367 per unit. The distribution is payable November 10, 2021...read more

RE:98% Premium to NAV

Wouldn't buy this one here.  If anything it's a short.  rate and reply

98% Premium to NAV

At the Oct 4 close, INC.UN trades at 98% premium to the Sep 30 NAV.  Because the dividend is pegged to the market price instead of NAV, the premium tends to grow larger over time; i.e. higher...read more

RE:RE:Down 4.29% now?

its been trading at a large premium.  Managment has only just started an ATM financing program. (at the market)...not sure what took them so long. I don't have any but would suggest it is...read more

RE:Down 4.29% now?

It's thinly traded, so one guy can really move it.     rate and reply

Down 4.29% now?

Interesting that this fund is down 4.29% today on last day for dividend.  Any idea why?  TIA.   rate and reply