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Global Innovation Dividend Fund (T:BL.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEDAR
Company Contact
Address: 812 Memorial Drive N.W.
Tel: N/A
IR: See website
Key People
Business Overview
Middlefield Innovation Dividend ETF (the Fund), formerly Global Innovation Dividend 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 revenue or earnings from, the development or commercialization of products or services related to technological innovations. The Fund invests in various sectors, such as technology, consumer discretionary, consumer services, industrials, healthcare, financial, real estate and utilities. The Fund's investment manager is Middlefield Limited. 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: $11.77M 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: 4,997,647 as of Jun 20, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization