Income Financial Declares Monthly Distribution
18 August 2023 - 11:00PM
Income Financial Trust ("Income Financial") declares its monthly
distribution of $0.08133 per unit. The distribution is payable
September 8, 2023 to unit holders on record as at August 31, 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 August 31, 2023 will receive a dividend of $0.08133 per unit
based on the VWAP of $9.76 payable on September 8, 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 $37.78 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) |
$0.08133 |
Record Date: |
August 31,
2023 |
Payable Date: |
September 8,
2023 |
|
|
Investor
Relations: 1-877-478-2372 |
Local:
416-304-4443 |
www.quadravest.com |
info@quadravest.com |
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