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Name | Symbol | Market | Type |
---|---|---|---|
Income Financial Trust | TSX:INC.UN | Toronto | Trust |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.18 | -2.42% | 7.25 | 7.25 | 7.46 | 7.41 | 7.25 | 7.41 | 11,945 | 20:44:44 |
Income Financial Trust ("Income Financial") is pleased to declare its monthly distribution be $0.08908 per unit. The distribution is payable March 10, 2014 to unitholders on record as of February 28, 2014. Under the distribution policy announced on November 18, 2103, the monthly distribution is determined by applying a 10% 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 February 28, 2014 will receive a distribution of $0.08908 per unit based on the VWAP of $10.69 over the last 3 trading days of January, payable on March 10, 2014. Effectively the amount of the new distribution policy will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy. Income Financial unitholders have received a total of $26.24 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. Distribution Details: Variable Distribution per Unit: $0.08908 Ex-Dividend Date: February 26, 2014 Record Date: February 28, 2014 Payable Date: March 10, 2014 FOR FURTHER INFORMATION PLEASE CONTACT: Income Financial Trust Investor Relations 416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) www.quadravest.com
1 Year Income Financial Chart |
1 Month Income Financial Chart |
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