Income Financial Special Meeting Announcement

Income Financial announced today that a special meeting of unitholders will be held at 11:00 a.m. (Eastern Standard Time) on July 10, 2013. The purpose of the meeting is to consider a special resolution to allow unitholders to continue their investment beyond the currently scheduled termination date of January 1, 2014.

Under the proposal, the termination date would be extended by 5 years to January 1, 2019. If the extension is approved, unitholders would still retain their right to retract their units and receive a retraction price on January 1, 2014 as originally contemplated.

Since inception, unitholders have received a total of $25.47 per unit. As at May 15, 2013, the annualized current yield of a unit is 8.69%.

Unitholders of record at the close of business on June 5, 2013 will be provided with the notice of meeting and management information circular in respect of the meeting and will be entitled to vote at the meeting.

Income Financial invests in North American financial services companies whose shares are included in the TSX Financial Services Index, the S&P Financials Index or the S&P Midcap Financials Index.

Contacts: Income Financial Trust Investor Relations 416-304-4443 or Toll Free at 1-877-4-Quadra (1-877-478-2372) www.quadravest.com