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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 07, 2017 12:35pm
328 Views
Post# 27110324

RE:RE:RE:RE:RE:RE:NAV keeps going up.

RE:RE:RE:RE:RE:RE:NAV keeps going up.

Maybe you've forgotten that this security jumped to $22 nearly as quickly as it just dropped to $15. Obviously it is thinly traded and subject to price manipulations. However the history of the stock shows it usually inches up and always pays it 10% dividend. The NAV is going up so the fundamentals are ok. The recent volatility is not based on any bad news, or poor performance. It is just as likely that volatility will return it to its recent highs, since this looks to be momentum ETFs tipping the scales.

 

navgod wrote: you are right an increasing NAV is always a good thing too bad it's the only thing you are right about. in less than a week this "security" has dropped more than $3.50 to a level not seen for 5 months while it took 3 months for the NAV to increase by 67 cents. As I write this the market dropped another 40 cents and volume over 70,000 which is huge volume for this security. Sorry about the "condescension" I was aiming for ridicule.

 

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