Income Financial Declares Monthly Distribution
19 March 2024 - 12:00AM
Income Financial Trust ("Income Financial") declares its monthly
distribution of $0.06258 per unit. The distribution is payable
April 10, 2024 to unit holders on record as at March 28, 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 March 28, 2024 will receive a dividend of $0.06258 per unit
based on the VWAP of $7.51 payable on April 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 $38.21 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) |
$0.06258 |
Record Date: |
March 28,
2024 |
Payable Date: |
April 10,
2024 |
|
|
Investor Relations:
1-877-478-2372 Local:
416-304-4443www.quadravest.com info@quadravest.com
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