On November 18, 2013, Income Financial announced a change to the distribution
policy that resulted in an immediate increase of 23% to the monthly dividend.
Income Financial is pleased to announce a further 5% increase to the monthly
distribution from its previous month's distribution, due to the increased market
price of Income Financial. The dividend for November will be $0.08967 per unit.


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 December 31, 2013 will receive a
distribution of $0.08967 per unit based on the VWAP of $10.76 over the last 3
trading days of November 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 $26.05 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:                $0.08967
Ex-Dividend Date:                     December 27, 2013
Record Date:                          December 31, 2013
Payable Date:                          January 10, 2014



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