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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
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Comment by yggdrasilllon Dec 06, 2017 12:31pm
132 Views
Post# 27101860

RE:RE:NAV keeps going up.

RE:RE:NAV keeps going up.

How many companies are traded at price to book? This is no different. Every stock you buy is overpriced by your standard. This fund has paid out around 10% in distributions for over 5 years, maybe more. Do you know many stocks that can boast of something similar? Not only that, but since the crash in 2009, the stock has quadrupled in value. I'd say unless something happens to the economy in the next few months, you'll see this get back to $20. Just collect your 10% while you wait.

 

navgod wrote: This thing is a joke. Sure "value" is improving if you define value as overvaluation declining. If nav and price ever get in line it will be the price dropping not nav ising that will be the biggest factor. Anyone who bought this in the last couple of months  has to be an idiot. At least with Bitcoin you don't know what it is worth here you do and it is a lot least than what it is trading for.

 

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