{"id":401915,"date":"2020-12-17T09:03:36","date_gmt":"2020-12-17T14:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401915"},"modified":"2020-12-17T09:03:36","modified_gmt":"2020-12-17T14:03:36","slug":"income-financial-trust-declares-monthly-distribution-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/income-financial-trust-declares-monthly-distribution-2\/","title":{"rendered":"Income Financial Trust Declares Monthly Distribution"},"content":{"rendered":"
\n

TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial”) declares its monthly distribution of $0.06250 per unit. The distribution is payable January 8, 2021 to unit holders on record as at December 31, 2020.<\/p>\n

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 December 31, 2020 will receive a dividend of $0.06250 per unit based on the VWAP of $7.50 payable on January 8, 2021. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.<\/p>\n

Income Financial unitholders have received a total of $34.40 per unit in distributions since inception, inclusive of this distribution.<\/p>\n

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.<\/p>\n\n\n\n\n\n\n
\n
\n Distribution Details<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\n Trust Unit (INC.UN)<\/strong>\n <\/td>\n\n $0.06250<\/strong>\n <\/td>\n<\/tr>\n
\n Ex-Dividend Date:\u00a0<\/strong>\n <\/td>\n\n December 30, 2020<\/strong>\n <\/td>\n<\/tr>\n
\n Record Date:<\/strong>\n <\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n<\/tr>\n
\n Payable Date:\u00a0<\/strong>\n <\/td>\n\n January 8, 2021<\/strong>\n <\/td>\n<\/tr>\n<\/table>\n

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.quadravest.com<\/a>
info@quadravest.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial”) declares its monthly distribution of $0.06250 per unit. The distribution is payable January 8, 2021 to unit holders on record as at December 31, 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’s units over the last 3 trading days of the preceding month. As a result, holders of record on December 31, 2020 will receive a dividend of $0.06250 per unit based on the VWAP of $7.50 payable on January 8, 2021. The yield will remain stable at 10.00% (based on the VWAP) under … <\/p>\n

Continue reading “Income Financial Trust Declares Monthly Distribution”<\/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-401915","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIncome Financial Trust 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-trust-declares-monthly-distribution-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income Financial Trust Declares Monthly Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial”) declares its monthly distribution of $0.06250 per unit. The distribution is payable January 8, 2021 to unit holders on record as at December 31, 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’s units over the last 3 trading days of the preceding month. As a result, holders of record on December 31, 2020 will receive a dividend of $0.06250 per unit based on the VWAP of $7.50 payable on January 8, 2021. 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