Income Financial Declares Monthly Distribution
18 Juillet 2023 - 3:00PM
Income Financial Trust ("Income Financial") declares its monthly
distribution of $0.08425 per unit. The distribution is payable
August 10, 2023 to unit holders on record as at July 31, 2023.
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 July 31, 2023 will receive a dividend of $0.08425 per unit based
on the VWAP of $10.11 payable on August 10, 2023. The yield will
remain stable at 10.00% (based on the VWAP) under this distribution
policy.
Income Financial unitholders have received a
total of $37.70 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) |
$0.08425 |
Record Date: |
July 31,
2023 |
Payable Date: |
August 10,
2023 |
|
|
Investor Relations: 1-877-478-2372 |
Local: 416-304-4443 |
www.quadravest.com |
info@quadravest.com |
Income Financial (TSX:INC.UN)
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