Income Financial: 23% Increase to Monthly Distribution
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/18/13 -- Income Financial is pleased to announce an immediate increase in its monthly distribution policy that will increase the monthly distribution by 23% from its previous month's distribution. The dividend for November will be $0.08517 per unit.
In making this change, the Manager considered the following in its analysis:
Under the new distribution policy, the monthly distribution will be determined by applying a 10% 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 November 29, 2013 will receive a distribution of $0.08517 per unit based on the VWAP of $10.22 over the last 3 trading days of October 2013. Effectively the amount of the new distribution policy will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy.
Income Financial unitholders have received a total of $25.97 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.
Contacts:
Income Financial Trust
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 1284283
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Personal Finance
Anmerkungen:
Diese Pressemitteilung wurde bisher 79 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Income Financial: 23% Increase to Monthly Distribution
"
steht unter der journalistisch-redaktionellen Verantwortung von
Income Financial Trust (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
