Financial Income Trust Declares Monthly Distribution
TORONTO, April 20, 2022 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial Trust”) declares its monthly distribution of $0.11925 per unit. The distribution is payable on May 10, 2022 to unitholders of record on April 29, 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 April 29, 2022 will receive a dividend of $0.11925 per unit based on the VWAP of $14.31 payable on May 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 $36.22 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) | $0.11925 |
| Registration Date : | April 29, 2022 |
| Payment date : | May 10, 2022 |
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