{"id":384035,"date":"2020-11-18T09:03:24","date_gmt":"2020-11-18T14:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384035"},"modified":"2020-11-18T09:03:24","modified_gmt":"2020-11-18T14:03:24","slug":"income-financial-declares-monthly-distribution-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/","title":{"rendered":"Income Financial Declares Monthly Distribution"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, Nov.  18, 2020  (GLOBE NEWSWIRE) &#8212; Income Financial Trust (&#8220;Income Financial&#8221;) declares its monthly distribution of $0.05458 per unit. The distribution is payable December 10, 2020 to unit holders on record as at November 30, 2020.<\/p>\n<p align=\"justify\">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&#8217;s units over the last 3 trading days of the preceding month. As a result, holders of record on November 30, 2020 will receive a dividend of $0.05458 per unit based on the VWAP of $6.55 payable on December 10, 2020. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.\u00a0<\/p>\n<p align=\"justify\">Income Financial unitholders have received a total of $34.34 per unit in distributions since inception,\u00a0inclusive of this distribution.<\/p>\n<p align=\"justify\">Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian &amp; U.S. banks, life insurance and investment firms.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"2\">\n            <strong><br \/>\n              <em>Distribution Details<\/em><br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:25%;width:25%;min-width:25%\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td style=\"max-width:75%;width:75%;min-width:75%\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>Trust Unit (INC.UN)<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle\">\n            <strong>$0.05458<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>Ex-Dividend Date:<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle\">\n            <strong>November 27, 2020<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>Record Date:<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle\">\n            <strong>November 30, 2020<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>Payable Date:<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle\">\n            <strong>December 10, 2020<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: double 15px 3pt\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td style=\"border-bottom: double 15px 3pt\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p align=\"left\">Investor Relations: 1-877-478-2372<br \/>Local: 416-304-4443<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=60aCxzXFI7esyA_00_Nne3Xya3is2cVt7dMAhFWByuxoKQbLtR0EFM6euo2Lds45qzZtFyIZGKOkbid3j9CfzcYMbyE_Vj3ZDQKS-K9-UF4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.quadravest.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Tm-XZ0pa74S07Yq19EJsDkT6YJxMZThGPesMOtRP7hJj7rEdWlUhSK5bUnGzut-2_RgNPUdcZI3zmrZZhowIYfYhXrmF_83QE4xXc7J1vZE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@quadravest.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Nzk5NCMzODMyNDI5IzIwOTEwODU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7ff41ba0-36c4-400a-9018-6499657a87f9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Income Financial Trust (&#8220;Income Financial&#8221;) declares its monthly distribution of $0.05458 per unit. The distribution is payable December 10, 2020 to unit holders on record as at November 30, 2020. 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&#8217;s units over the last 3 trading days of the preceding month. As a result, holders of record on November 30, 2020 will receive a dividend of $0.05458 per unit based on the VWAP of $6.55 payable on December 10, 2020. The yield will remain stable at 10.00% (based on the VWAP) under &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Income Financial Declares Monthly Distribution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384035","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Income Financial Declares Monthly Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income Financial Declares Monthly Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Income Financial Trust (&#8220;Income Financial&#8221;) declares its monthly distribution of $0.05458 per unit. The distribution is payable December 10, 2020 to unit holders on record as at November 30, 2020. 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&#8217;s units over the last 3 trading days of the preceding month. As a result, holders of record on November 30, 2020 will receive a dividend of $0.05458 per unit based on the VWAP of $6.55 payable on December 10, 2020. 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The distribution is payable December 10, 2020 to unit holders on record as at November 30, 2020. 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&#8217;s units over the last 3 trading days of the preceding month. As a result, holders of record on November 30, 2020 will receive a dividend of $0.05458 per unit based on the VWAP of $6.55 payable on December 10, 2020. The yield will remain stable at 10.00% (based on the VWAP) under &hellip; Continue reading \"Income Financial Declares Monthly Distribution\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-18T14:03:24+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Nzk5NCMzODMyNDI5IzIwOTEwODU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Income Financial Declares Monthly Distribution","datePublished":"2020-11-18T14:03:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/"},"wordCount":184,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Nzk5NCMzODMyNDI5IzIwOTEwODU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-declares-monthly-distribution-3\/","name":"Income Financial Declares Monthly Distribution - 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