Income Financial Declares Monthly Distribution
February 21 2023 - 9:00AM
Income Financial Trust ("Income Financial") declares its monthly
distribution of $0.09942 per unit. The distribution is payable
March 10, 2023 to unit holders on record as at February 28, 2023.
Under the distribution policy announced on
November 18, 2013, the monthly distribution is determined by
applying a 10.00% 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, 2023 will receive a dividend of $0.09942 per unit
based on the VWAP of $11.93 payable on March 10, 2023. The yield
will remain stable at 10.00% (based on the VWAP) under this
distribution policy.
Income Financial unitholders have received a
total of $37.25 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 |
|
|
|
Trust Unit
(INC.UN) |
$0.09942 |
Record Date: |
February 28,
2023 |
Payable Date: |
March 10,
2023 |
|
|
Investor Relations: 1-877-478-2372 |
Local: 416-304-4443 |
www.quadravest.com |
info@quadravest.com |
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