Global Innovation Dividend Fund (T:BL.UN)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | First Canadian Place, 58th Floor P.O. Box 192 TORONTO ON M5X 1A6 |
| Tel: | N/A |
| Website: | https://middlefield.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Middlefield Innovation Dividend ETF (the Fund) is a Canada-based exchange-traded fund. The investment objectives of the Fund are to provide holders of units with stable monthly cash distributions, and enhanced long-term total return through capital appreciation of the Fund's investment portfolio through an investment strategy that focuses primarily on investing in dividend-paying securities of global issuers operating in, or that derive a significant portion of their earnings or revenue from products or services related to the healthcare, life sciences and related industries. The Fund invests in various sectors, such as consumer staples, healthcare, real estate and derivatives. Middlefield Limited acts as the Fund's investment manager and trustee. Its advisor is Middlefield Capital Corporation. |
| Financial Overview |
| For the six months ended 30 June 2021, Middlefield Innovation Dividend ETF revenues decreased 78% to C$1.6M. Net income decreased 82% to C$1.3M. Revenues reflect Change in Net Unrealized (Loss) Gain on decrease from C$7.5M to -C$1.3M, Foreign Exchange (Loss) Gain on Cash decrease from C$66K to -C$133K, Interest Income for Distribution Purpose decrease of 85% to C$4K. Dividend per share decreased from C$0.23 to C$0.20. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $56.46M as of Jun 30, 2021 |
| Annual revenue (TTM): | $11.55M as of Jun 30, 2021 |
| EBITDA (TTM): | $10.89M as of Jun 30, 2021 |
| Net annual income (TTM): | $10.81M as of Jun 30, 2021 |
| Free cash flow (TTM): | $6.75M as of Jun 30, 2021 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 5,736,452 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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