Income Financial Declares Monthly Distribution
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 06/18/15 -- Income Financial Trust (TSX: INC.UN) ("Income Financial") is pleased to declare its monthly distribution be $0.09500 per unit. The distribution is payable July 10, 2015 to unitholders on record as of June 30, 2015.
Under the distribution policy announced on November 18, 2013, 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, 2015 will receive a distribution of $0.09500 per unit based on the VWAP of $11.40 over the last 3 trading days of May payable on July 10, 2015. The yield will remain stable at 10% (based on the VWAP) under this distribution policy.
Income Financial unitholders have received a total of $27.69 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.
For further information, please contact Investor Relations at 416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372), or visit .
Contacts:
Income Financial Trust
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
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Datum: 18.06.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 401496
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TORONTO, ONTARIO
Kategorie:
Personal Finance
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