/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 08/17/16 -- Income Financial Trust ("Income Financial") declares its monthly distribution of $0.10125 per unit. The distribution is payable September 9, 2016 to unit holders on record as at August 31, 2016.

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 Finanical's units over the last 3 trading days of the preceding month. As a result, holders of record on August 31, 2016 will receive a dividend of $0.10125 per unit based on the VWAP of $12.15 payable on September 9, 2016. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $29.05 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)                            $0.10125
Ex-Dividend Date:                       August 29, 2016
Record Date:                            August 31, 2016
Payable Date:                         September 9, 2016
-------------------------------------------------------

Contacts:
Investor Relations
1-877-478-2372
Local: 416-304-4443
www.quadravest.com
info@quadravest.com

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.