Income Financial: 23% Increase to Monthly Distribution

(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/18/13 -- Income Financial is pleased to announce an immediate increase in its monthly distribution policy that will increase the monthly distribution by 23% from its previous month's distribution. The dividend for November will be $0.08517 per unit.

In making this change, the Manager considered the following in its analysis:

Under the new distribution policy, the monthly distribution will be 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 November 29, 2013 will receive a distribution of $0.08517 per unit based on the VWAP of $10.22 over the last 3 trading days of October 2013. Effectively the amount of the new distribution policy will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $25.97 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.





Contacts:
Income Financial Trust
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)

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Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 18.11.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 317597
Anzahl Zeichen: 6103

contact information:
Town:

TORONTO, ONTARIO

Kategorie:

Personal Finance

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