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Income Financial Trust T.INC.UN

Alternate Symbol(s):  ICFNF

Income Financial Trust (the Trust) is a Canada-based investment trust fund that invests in a diversified portfolio. 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 Trust’s objective is also to provide tax-effective monthly distributions targeted to be 10% annualized, based on the volume-weighted average market price of the units for the last three trading days of the preceding month. Quadravest Capital Management Inc. (Quadravest) is the investment manager for the Trust.


TSX:INC.UN - Post by User

Income Financial Trust > Monthly Distribution
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Comment by EdPaquetteon Nov 18, 2021 6:38pm
211 Views
Post# 34143247

RE:Monthly Distribution

RE:Monthly DistributionThis must be owned by idiots, the nav is 8.37   
Betteryear2 wrote:

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 to unit holders on record as at November 30, 2021.

Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying a 10.00% 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 November 30, 2021 will receive a dividend of $0.13383 per unit based on the VWAP of $16.06 payable on December 10, 2021. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $35.61 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.
 

https://www.globenewswire.com/news-release/2021/11/18/2337769/0/en/Income-Financial-Declares-Monthly-Distribution.html


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