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Income Financial Declares Monthly Distribution


/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 06/20/16 -- Income Financial Trust ("Income Financial") (TSX: INC.UN) is pleased to declare its monthly distribution of $0.10125 per unit. The distribution is payable July 8, 2016 to unitholders on record as of June 30, 2016.

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, 2016 will receive a distribution of $0.10125 per unit based on the VWAP of $12.15 over the last 3 trading days of May payable on July 8, 2016. The yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $28.85 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.


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Distribution Details:

Variable Distribution per Unit:    $0.10125

Ex-Dividend Date:                  June 28, 2016

Record Date:                       June 30, 2016

Payable Date:                      July 8, 2016
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Contacts:
Income Financial Trust
Investor Relations:
1-877-478-2372
Local: 416-304-4443
www.quadravest.com
info@quadravest.com