TORONTO, April 20, 2021 (GLOBE NEWSWIRE) -- Income Financial Trust ("Income Financial") declares its monthly distribution of $0.09467 per unit. The distribution is payable May 10, 2021 to unit holders on
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 April 30, 2021 will receive a dividend of $0.09467 per unit based on the VWAP of $11.36 payable on May 10, 2021. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
Income Financial unitholders have received a total of $34.72 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.
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