Financial Statements of Income Monthly Distribution

Income Financial Fund

TORONTO, May 16, 2024 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial”) declares its monthly distribution of $0.06292 per unit. The distribution will be paid on June 10, 2024 to unit holders registered on May 31, 2024.

In accordance with the distribution policy announced on November 18, 2013, monthly distribution is determined by applying an annualized rate of 10.00% to the volume weighted average market price (VWAP) of Income Financial’s units over the past 3 auctions of the previous month. As a result, holders of record on May 31, 2024 will receive a dividend of $0.06292 per unit based on the VWAP of $7.55 payable on June 10, 2024. The yield will remain stable at 10.00% (based on VWAP) under this distribution. policy.

Income Financial unit holders have received a total of $38.34 per unit in distributions since inception, including this distribution.

Income Financial invests in a portfolio of North American financial services companies, including some of the strongest Canadian and North American banks, life insurance companies and investment firms.

Investor Relations: 1-877-478-2372
Location: 416-304-4443
www.quadravest.com
info@quadravest.com

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