Income Financial: 23% Increase to Monthly Distribution

Income Financial is pleased to announce an immediate increase in its monthly
distribution policy that will increase the monthly distribution by 23% from its
previous month's distribution. The dividend for November will be $0.08517 per
unit.


In making this change, the Manager considered the following in its analysis:



--  The strong investment performance of Income Financial this year. 
--  In addition to paying monthly distributions at a rate of 8.5%, the trust
    also increased its net asset value by a further 20% this year alone. 
--  The new distribution policy better reflects the strong performance of
    Income Financial's investment portfolio.



Under the new distribution policy, the monthly distribution will be determined
by applying a 10% annualized rate on the volume weighted average market price
(VWAP) of Income Financial's units over the last 3 trading days of the preceding
month. As a result, holders of record on November 29, 2013 will receive a
distribution of $0.08517 per unit based on the VWAP of $10.22 over the last 3
trading days of October 2013. Effectively the amount of the new distribution
policy will vary with the market price, but the current yield will remain stable
at 10% (based on the VWAP) under this distribution policy.


Income Financial unitholders have received a total of $25.97 per unit in
distributions since inception, inclusive of this distribution.


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.




Distribution Details:                                                       
Variable Distribution per Unit:         $0.08517                            
Ex-Dividend Date:                       November 27, 2013                   
Record Date:                            November 29, 2013                   
Payable Date:                           December 10, 2013                   



FOR FURTHER INFORMATION PLEASE CONTACT: 
Income Financial Trust
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.quadravest.com

Income Financial (TSX:INC.UN)
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