Canadian High Income Equity Fund (T:CIQ.UN)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | Bay Wellington Tower 181 Bay St Suite 2930, P.O. Box 793 TORONTO ON M5J 2T3 |
| Tel: | N/A |
| Website: | https://www.bromptongroup.com/product/canadian-high-income-equity-fund |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Canadian High Income Equity Fund (the Fund) is a mutual fund trust. The Fund's investment objective is to provide unitholders with a high monthly distribution and the opportunity for capital appreciation through investment in an actively managed portfolio of publicly listed or traded Canadian securities. The Fund's investments sectors include communication services, consumer staples and discretionary, financial, industrial, materials, oil and gas, pipes, power, utilities and infrastructure, real estate and short-term investments. Brompton Funds Limited is the manager and Bloom Investment Counsel, Inc. is the investment manager of the Fund. |
| Financial Overview |
| For the fiscal year ended 31 December 2022, Canadian High Income Equity Fund revenues decreased from C$2.4M to -C$467K. Net loss totaled C$726K vs. income of C$2.1M. Revenues reflect Net change in unrealized gain (loss) on decrease from C$788K to -C$1.3M, Net realized gain (loss) on sale of inve decrease of 65% to C$413K, Dividend income decrease of 17% to C$361K. Net loss reflects Other administrative expenses increase of 2% to C$79K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $-0.47M as of Dec 31, 2022 |
| EBITDA (TTM): | -$0.73M as of Dec 31, 2022 |
| Net annual income (TTM): | -$0.73M as of Dec 31, 2022 |
| Free cash flow (TTM): | $1.06M as of Dec 31, 2022 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 1,072,760 as of Jan 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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