Le Lézard
Classified in: Business
Subject: v

Income Financial Declares Monthly Distribution

TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- Income Financial Trust ("Income Financial") declares its monthly distribution of $0.09867 per unit. The distribution is payable April 10, 2023 to unit holders on record as at March 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 March 31, 2023 will receive a dividend of $0.09867 per unit based on the VWAP of $11.84 payable on April 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 $37.35 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)$0.09867
Record Date:March 31, 2023 
Payable Date:April 10, 2023

Investor Relations: 1-877-478-2372
Local: 416-304-4443

These press releases may also interest you

at 12:31
Society Brands, an ecommerce aggregator built for and by founders, today announced the acquisition of Wolf Tactical, a high performance tactical gear company based in Fort Lee, New Jersey. Wolf Tactical offers products ranging from EDC Belts and...

at 12:30
During an eight-day visit to El Salvador last week, Native Women's Association of Canada's (NWAC) CEO Lynne Groulx signed a ground-breaking Memorandum of Understanding (MOU) between NWAC and the General Secretariat of the Central American Integration...

at 12:30
Adam & Son, the first and only social impact auto repair shop in the United States, is pleased to announce its founder, Dan Adam, has been named the recipient of the 2023 Vistage Impact Award for Colorado. The Impact Award recognizes the remarkable...

at 12:30
Troika Media Group, Inc. ("TMG" or the "Company"), a consumer engagement and customer acquisition solutions group, today announced that it will effect a 1-for-25 reverse stock split of its outstanding common stock. This will be effective for trading...

at 12:30
TCL RayNeo (RayNeotm), an industry leader in augmented reality (AR) innovation, has announced at AWE USA 2023 that they will collaborate with Qualcomm Technologies, Inc. to deliver pioneering user experiences for AR wearables. RayNeo will develop a...

at 12:29
StaffDNA announces launch of integrated platform technology that transforms the staffing ecosystem for candidates, agencies, and clients. The new technology focuses on elevating lifestyle control for all job seekers and delivering a self-sufficient...

News published on and distributed by: