Income Financial Trust Declares Monthly Distribution
19 Fevereiro 2014 - 7:10PM
Marketwired
Income Financial Trust Declares Monthly Distribution
TORONTO, ONTARIO--(Marketwired - Feb 19, 2014) - 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 |
Income Financial TrustInvestor Relations416-304-4443 or Toll
Free: 1-877-4-Quadra (1-877-478-2372)www.quadravest.com
Income Financial (TSX:INC.UN)
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