Projected income is a way of showing future distributions anticipated to be paid on certain distribution paying securities you currently hold in your account.

Annual projected income is calculated using this formula:

Trade date securities quantity x Distribution amount for the securities x Annual payment frequency = Annual Projected Income

This is assuming you continue to hold these securities into the future and these securities continue to pay distributions on the same terms as the most recent or declared distribution.

Projected income is hypothetical, not guaranteed and is subject to change. It is based on certain assumptions that may not come true and will change if the distribution paying securities change their distribution policy or if you change your account holdings.

It is for reference only and should not be used for any purpose including accounting, tax reporting and planning or for performance measurement purposes.