Income Financial Trust (TSE:INC.UN) Reaches New 1-Year High – Here’s Why

Income Financial Trust (TSE:INC.UN – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$10.00 and last traded at C$10.00, with a volume of 3447 shares trading hands. The stock had previously closed at C$9.98.

Income Financial Trust Price Performance

The company has a market capitalization of C$31.84 million, a P/E ratio of 5.13 and a beta of 0.32. The company’s 50-day moving average price is C$9.53 and its two-hundred day moving average price is C$9.46.

Income Financial Trust Company Profile

(Get Free Report)

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. The net proceeds from this offering will be used by Income Financial to invest in a diversified portfolio (the Portfolio) consisting principally of common shares issued by corporations whose shares are included in The Toronto Stock Exchange Financial Services Index (the TSE Financial Services Index), the Standard Poors Financials Index (the SP Financials Index) or the Standard Poors MidCap Financials Index (the SP MidCap Financials Index).

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