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European Focused Dividend Fund (T:EF.UN)

Business Focus: Mutual Funds

Sector:  Financials Industry:  Mutual Funds
 
See Regulatory Filings on SEDAR
Company Contact
Address: 812 Memorial Dr NW
CALGARY AB T2N 3C8
Tel: N/A
Website: www.middlefield.com
IR: See website
Key People
N/A    
Business Overview
European Focused Dividend Fund is a Canada-based non-redeemable investment fund. The Fund's investment objectives are to provide unit holders with: stable monthly cash distributions and long-term total return through capital appreciation of the Fund's investment portfolio, through a diversified, actively managed portfolio comprised primarily of dividend-paying securities of issuers that are domiciled in or derive a significant portion of their revenue from Europe. The Fund is managed by Middlefield Limited. Middlefield Capital Corporation provides investment management advice to the Fund. Prospective purchasers can purchase units either by cash payment or an exchange of freely tradable securities of one or more of those issuers.
Financial Overview
For the six months ended 30 June 2019, European Focused Dividend Fund revenues increased from C$769K to C$5.7M. Net income totaled C$4.8M vs. loss of C$677K. Revenues reflect Unrealized G/L on Investment Securities increase from -C$3.1M to C$5.1M, Foreign Exchange Gain (Loss) on Cash increase from -C$139K to C$1K, Interest Income - Investment increase of 48% to C$99K. Net Income reflects Finance Costs decrease of 65% to C$65K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $-0.42M as of Jun 30, 2019
EBITDA (TTM): -$1.85M as of Jun 30, 2019
Net annual income (TTM): -$2.38M as of Jun 30, 2019
Free cash flow (TTM): $34.19M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 4,496,563 as of Dec 6, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization