Income Financial Declares Monthly Distribution
January 18 2024 - 9:00AM
Income Financial Trust ("Income Financial") declares its monthly
distribution of $0.06067 per unit. The distribution is payable
February 9, 2024 to unit holders on record as at January 31,
2024.
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 January 31, 2024
will receive a dividend of $0.06067 per unit based on the VWAP of
$7.28 payable on February 9, 2024. The yield will remain stable at
10.00% (based on the VWAP) under this distribution
policy.
Income Financial unitholders have received a total of $38.09 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) |
$0.06067 |
Record Date: |
January 31, 2024 |
Payable Date: |
February 9, 2024 |
|
|
Investor Relations: 1-877-478-2372Local:
416-304-4443www.quadravest.cominfo@quadravest.com
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