Income Financial Declares Monthly Distribution
18 June 2014 - 11:00PM
Marketwired
Income Financial Declares Monthly Distribution
TORONTO, ONTARIO--(Marketwired - Jun 18, 2014) - Income
Financial Trust ("Income Financial") is pleased to declare its
monthly distribution be $0.09017 per unit. The distribution is
payable July 10, 2014 to unitholders on record as of June 30,
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 June 30, 2014 will receive a
distribution of $0.09017 per unit based on the VWAP of $10.82 over
the last 3 trading days of May, payable on July 10, 2014. The yield
will remain stable at 10% (based on the VWAP) under this
distribution policy.
Income Financial
unitholders have received a total of $26.60 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: |
$0.09017 |
Ex-Dividend Date: |
June 26, 2014 |
Record Date: |
June 30, 2014 |
Payable Date: |
July 10, 2014 |
Investor Relations416-304-4443Toll free at 1-877-4-Quadra
(1-877-478-2372)www.quadravest.com
Income Financial (TSX:INC.UN)
Historical Stock Chart
From Apr 2024 to May 2024
Income Financial (TSX:INC.UN)
Historical Stock Chart
From May 2023 to May 2024