Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Income Financial Trust (INC.UN) reports its monthly distribution of $0.13367 per unit.
  • The distribution is payable on November 10 to unit holders on record as of October 29
  • Holders on record will receive a dividend of $0.13367 per unit based on the volume weighted average market of $16.04
  • This compares to last month’s distribution of $0.14125 per unit with a volume weighted average market price of $16.95
  • During the first half of 2021, Income Financial’s revenues increased from -$3.7 million to $3.1 million
  • Income Financial Trust (INC.UN) is up 0.061 per cent and is trading at $16.31 per share at 11:58 p.m. ET

Income Financial Trust (INC.UN) reports its monthly distribution of $0.13367 per unit.

The distribution is payable on November 10 to unitholders on record as of October 29.

Holders on record will receive a dividend of $0.13367 per unit based on the volume-weighted average market of $16.04.

Under the distribution policy from 2013, the monthly distribution is determined by applying a 10 per cent annualized rate on the volume-weighted average market price of Income Financial’s units over the last three trading days.

This compares to last month’s distribution of $0.14125 per unit with a volume-weighted average market price of $16.95

Income Financial unitholders received a total of $35.48 per unit in distributions since establishment, which includes this month’s distribution.

This past August, Income Financial established an at-the-market equity program that allows it to issue trust units to the public from time to time. It is effective until August 26, 2023.

The maximum gross proceeds from the issuance of the trust units are $10 million.

The volume and timing of distributions under the program are determined only by Income Financial’s discretion.

During the first half of 2021, Income Financial’s revenues increased from -$3.7 million to $3.1 million. Net income totalled $2.9 million.

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.

Income Financial Trust (INC.UN) is up 0.061 per cent and is trading at $16.31 per share at 11:58 p.m. ET.

More From The Market Herald

" Champion Gaming Group Inc. (TSXV:PMO.H) announces completion of reverse takeover transaction

Champion Gaming Group (PMO.H) formerly known as Prime City One Capital Corp., has completed a previously announced business combination.
The Market Herald Video

" Hank Payments (TSXV:HANK) delivers strong first quarter

Hank Payments (HANK) has filed its financial statements and management discussion and MD&A for the three months ending September 30, 2021.

" Prospect Park (CSE:PPK) announces proposed new investment

Prospect Park Capital‎ Corp. (PPK) has entered into a share exchange agreement with 102130706 Saskatchewan Inc‎. and its Tutors on Demand shareholders.

" Marble Financial (CSE:MRBL) upsizes private placement, closes first tranche

Marble (MRBL) has closed the first tranche of and upsized its previously announced private placement.