An anonymous trustee reports

INCOME FINANCIAL DECLARES MONTHLY DISTRIBUTION

Income Financial Trust has declared its monthly distribution of 6.267 cents per unit. The distribution is payable March 8, 2024, to unitholders on record as at Feb. 29, 2024.

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 Feb. 29, 2024, will receive a dividend of 6.267 cents per unit based on the VWAP of $7.52 payable on March 8, 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 $38.15 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 and U.S. banks, life insurance and investment firms.

Distribution details

Trust unit (INC.UN):  6.267 cents

Record date:  Feb. 29, 2024

Payable date:  March 8, 2024