An anonymous trustee reports

INCOME FINANCIAL DECLARES MONTHLY DISTRIBUTION

Income Financial Trust has declared its monthly distribution of 5.858 cents per unit. The distribution is payable Jan. 10, 2024, to unitholders on record as at Dec. 29, 2023.

Under the distribution policy announced on Nov. 18, 2013, the monthly distribution is determined by applying a 10-per-cent annualized rate on the volume-weighted average market price (VWAP) of Income Financial's units over the last three trading days of the preceding month. As a result, holders of record on Dec. 29, 2023, will receive a distribution of 5.858 cents per unit based on the VWAP of $7.03, payable on Jan. 10, 2024. The yield will remain stable at 10 per cent (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $38.03 per unit in distributions since inception, inclusive of this distribution.

Distribution details

Trust unit:  5.858 cents

Record date:  Dec. 29, 2023

Payable date:  Jan. 10, 2024