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Healthcare Special Opportunities Fund (T:MDS.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEDAR
Company Contact
Address: 130 King St W Suite 2130
Tel: N/A
IR: See website
Key People
Michael Barry Rice Decter
Chairman of the Board, Chief Executive Officer, Chief Investment Officer of LDIC Inc.
Beryl McCallum
President, Chief Compliance Officer, Director of LDIC Inc.
Business Overview
Healthcare Special Opportunities Fund (the Fund) is a closed-end investment trust. The investment objective of the Fund is principally set up to provide holders of units with long-term total return through distributions and capital appreciation of the Fund's investment portfolio by investing in equity and debt securities of issuers that derive a significant portion of their revenue or earnings from medical and healthcare products and/or services. The Fund focuses on the sectors, including consumer discretionary, consumer staples, financials, healthcare and industrials. LDIC Inc. is the manager of the Fund.
Financial Overview
For the six months ended 30 June 2020, HealthcareSpecial Opportunities Fund revenues decreased from C$2.4Mto -C$2.8M. Net loss totaled C$3.1M vs. income of C$2M.Revenues reflect Unrealized G/L on Investment Securitiesdecrease from C$1M to -C$5.9M, Interest for distributionpurposes decrease of 72% to C$13K. Net loss reflects Otherexpenses (recoveries) increase from C$25K (income) to C$12K(expense).
Reporting Currency: Canadian Dollars
Enterprise value: $35.40M as of Jun 30, 2020
Annual revenue (TTM): $1.11M as of Jun 30, 2020
EBITDA (TTM): $0.53M as of Jun 30, 2020
Net annual income (TTM): $0.49M as of Jun 30, 2020
Free cash flow (TTM): $1.93M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 33,028,341 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization