OVERVIEW

INVESTMENT STRATEGY

Income Financial is an Investment Trust Fund that invests in a diversified portfolio consisting of common shares included in the TSX Financial Services Index, the S&P Financials Index and the S&P MidCap Financial Index.

 

Shares of Income Financial Trust trade on the Toronto Stock Exchange under the symbol INC.UN.

To generate additional returns above the dividend and interest income earned on the Portfolio, Income Financial writes covered calls on all or part of the securities held in the Portfolio.

INVESTMENT OBJECTIVES

SHARE HIGHLIGHTS

  1. Tax effective monthly distributions currently targeted to be 10% annualized, based on the volume weighted average market price of the units for the last 3 trading days of the preceding month.

  2. Capital preservation - upon termination on January 1, 2024 (subject to further five year extensions), return the net asset value per unit to holders with the objective of returning the original issue price.

  3. Capital appreciation potential.

  • High monthly income

  • Attractive alternative to preferred shares, bonds and other income vehicles

  • Diversified quality portfolio backed by solid investments in North American Financial Services companies

  • Active management and proven strategy and track record by Quadravest Capital Management

  • 100% of the net proceeds invested in active portfolio

  • Capital preservation and appreciation potential

  • Yield enhancement and risk reduction through covered call writing

  • Company benefits from the increased volatility in the marketplace

  • Liquidity through TSX listing (INC.UN)

TOP HOLDINGS

VALUATION

Holdings Sorted by weight as at October 31, 2019:

TMX Group Ltd
Regions Financial Corp
Guardian Capital Group Ltd
Morgan Stanley
Sun Life Financial Inc
First Horizon National Corp
State Street Corp
Zions Bancorporation NA
Royal Bank of Canada
Intact Financial Corp

November 15, 2019

NAV Pre-Distribution:

$8.32

Distribution:

-

NAV Net of Distribution:

$8.32

NAV + Total Distributions Paid to Date:

$41.86

Please reload

200 Front Street West

Suite 2510, P.O. Box 51

Toronto, Ontario M5V 3K2

 Investor Relations: 1-877-478-2372 

 Local Investor Relations: 416-304-4443

 Main telephone: 416-304-4440

 Fax: 416-304-4441

 

Questions may be directed to 

info@quadravest.com

or submitted in the fields below: