July 1, 2022
  • July 1, 2022

Income Financial Declares Monthly Distribution

By on May 18, 2022 0

TORONTO, May 18, 2022 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial”) declares its monthly distribution of $0.11667 per unit. The distribution is payable on June 10, 2022 to unitholders of record on May 31, 2022.

Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying an annualized rate of 10.00% to the volume-weighted average market price (VWAP) of Income Financial’s units during the Last 3 trading days of the previous month. Accordingly, holders of record on May 31, 2022 will receive a dividend of $0.11667 per Unit based on the VWAP of $14.00 payable on June 10, 2022. Yield will remain stable at 10.00% (based on VWAP) under this distribution. Politics.

Unitholders of Income Financial have received a total of $36.34 per unit in distributions since inception, including this distribution.

Income Financial invests in a portfolio of North American financial services companies, including some of the strongest Canadian and US banks, life insurance companies and investment companies.

Distribution details

Trust Unit (INC.UN) $0.11667
Registration Date : May 31st, 2022
Payment date : June 10, 2022

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