TORONTO, ONTARIO--(Marketwired - Oct. 29, 2014) - Income Financial Trust ("Income Financial") would like to take the opportunity to remind investors that Monday, November 3, 2014 at 5:00 p.m. (EST) is the deadline to exercise their rights.
The Units currently yield 10% on the Toronto Stock Exchange.
Four Rights will entitle Unitholders to purchase one Unit for the subscription price of $10.72. The subscription price for the Unit represents a discount to the volume weighted combined average trading price over the last 30 days and is consistent with recent trading prices. Any rights not exercised by November 3, 2014 will expire worthless. Investors should contact their advisor or financial institution in order to exercise their rights.
Unitholders wishing to subscribe for additional units above their allotment of rights may do so by contacting their advisor.
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.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Trust. The forward-looking statements are not historical facts but reflect the Manager's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Manager believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Manager undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.