Income Financial Trust Reports Earnings Results for the Full Year Ended December 31, 2019
March 19, 2020 at 12:37 pm EDT
Share
Income Financial Trust announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was CAD 4.093 million compared to negative total revenue of CAD 3.284 million a year ago. Net income was CAD 3.696 million compared to net loss of CAD 3.742 million a year ago. Basic earnings per share from continuing operations was CAD 1.59 compared to basic loss per share from continuing operations of CAD 1.61 a year ago.
Income Financial Trust (the Trust) is a Canada-based investment trust fund that invests in a diversified portfolio. The Trustâs investment objective is to provide unitholders with a stable stream of monthly distributions by investing in a diversified portfolio consisting primarily of common shares issued by corporations whose shares are included in the S&P/TSX Capped Financials Index, the S&P 500 Financials Index or the S&P MidCap 400 Financials Index. The Trustâs objective is also to provide tax-effective monthly distributions targeted to be 10% annualized, based on the volume-weighted average market price of the units for the last three trading days of the preceding month. Quadravest Capital Management Inc. (Quadravest) is the investment manager for the Trust.
INCOME FINANCIAL TRUST 
