Income Financial Trust Reports Earnings Results for the Half Year Ended June 30, 2020
August 21, 2020 at 09:48 am EDT
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Income Financial Trust announced earnings results for the half year ended June 30, 2020. For the half year, the company announced negative total revenue was CAD 3.718 million compared to total Revenue of CAD 2.054 million a year ago. Net loss was CAD 3.921 million compared to net income of CAD 1.841 million a year ago. Basic loss per share from continuing operations was CAD 1.71 compared to basic earnings per share from continuing operations of CAD 0.79 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 
