Income Financial Trust T.INC.UN

Alternate Symbol(s): ICFNF

Financial Services Asset Management

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) serves as the investment manager for the Trust.

TSX:INC.UN - Post by User

Income Financial Trust

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Comment by rodbharon Mar 21, 2018 6:01pm

400 Views

Post# 27757091

RE:NAV = 11.03$ / 10.93$

The dividend is set at 10% of market price not NAV. So at $17 very little of the dividend is actually income. You are just getting your own money back. NAV is going to erode badly. People don’t realize this. I expect the stock will collapse to $11 soon.

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