Sector: Financials | Industry: Closed End Funds |
Company Contact | |
Address: | 150 King Street West, Suite 306-01 TORONTO ON M5H1J9 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Charles G Taerk President, Chief Executive Officer, Director of Faircourt Asset Management Inc. | Douglas John Waterson Chief Financial Officer, Portfolio Manager, Director of Faircourt Asset Management Inc. |
Business Overview |
Faircourt Gold Income Corp. is a Canada-based closed-ended fund. The Fund's investment objectives are to provide Shareholders with monthly distributions, initially targeted to yield 5% ($0.04167 per Class A Share per month) per annum based on the issue price of $10.00 per Class A Share and the opportunity for capital appreciation. The Fund has been created to provide investors with exposure to global companies primarily involved in gold exploration, mining, or production, including those in the S&P/Toronto Stock Exchange (TSX) Global Gold Index, while also providing monthly distributions. The investment manager of the Fund is Faircourt Asset Management Inc., which is responsible for managing the affairs and providing portfolio management services to the Fund. |
Financial Overview |
For the fiscal year ended 31 December 2022, Faircourt Gold Income Corp revenues increased 67% to -C$552K. Net loss decreased 55% to C$979K. Revenues reflect Change in unrealized appreciation (depre increase of 74% to -C$1.1M, Foreign exchange gain increase from C$13K to C$92K, Dividends increase of 12% to C$174K. Lower net loss reflects Management fees decrease of 24% to C$117K (expense), Service fees decrease of 40% to C$34K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $-0.55M as of Dec 31, 2022 |
EBITDA (TTM): | -$0.87M as of Dec 31, 2022 |
Net annual income (TTM): | -$0.98M as of Dec 31, 2022 |
Free cash flow (TTM): | $0.62M as of Dec 31, 2022 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 2,774,104 as of Dec 31, 2022 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |