Income Financial Declares Monthly Distribution
23 April 2024 - 3:00PM
Income Financial Trust ("Income Financial") declares its monthly
distribution of $0.06400 per unit. The distribution is payable May
10, 2024 to unit holders on record as at April 30, 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 April 30, 2024 will receive a dividend of $0.06400 per unit
based on the VWAP of $7.68 payable on May 10, 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 $38.28 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) |
$0.06400 |
Record Date: |
April 30, 2024 |
Payable Date: |
May
10, 2024 |
|
|
Investor Relations: 1-877-478-2372 Local:
416-304-4443www.quadravest.cominfo@quadravest.com
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