MINT Income Fund (T:MID.UN)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | 8 Spadina Avenue; Suite 3100 TORONTO ON M5V 0S8 |
| Tel: | N/A |
| Website: | https://middlefield.com |
| IR: | See website |
| Key People | ||
| Vincenzo E. Greco Chairman of the Board | Francisco Z. Ramirez President, Chief Executive Officer, Chief Compliance Officer, Director | Catherine E. Rebuldela Chief Financial Officer, Vice President, Secretary, Director |
| Business Overview |
| MINT Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high income securities on a cost-effective basis. The Fund invests in a diversified portfolio of securities consisting primarily of high-yielding equity securities of issuers operating in various industries and geographic regions. It invests in various sectors, such as energy, real estate, utilities, financials, healthcare, pipelines, industrials, materials, metals and mining, technology, consumer discretionary, and communication services. The Fund's investment manager is Middlefield Limited. Middlefield Capital Corporation (MCC) is the investment advisor of the Fund. |
| Financial Overview |
| For the fiscal year ended 31 December 2022, MINT Income Fund revenues decreased 63% to C$9.7M. Net income decreased 69% to C$7.9M. Revenues reflect Change in Net Unrealised Gain on inves decrease from C$12.8M to -C$9.1M, Unrealized G/L on Investment Securities decrease of 96% to C$1K. Net income also reflects Audit Fees increase from C$23K to C$61K (expense), Legal Fees increase from C$0K to C$31K (expense). |
| Employees: | 36 as of Dec 31, 2005 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $71.17M as of Dec 31, 2022 |
| Annual revenue (TTM): | $9.74M as of Dec 31, 2022 |
| EBITDA (TTM): | $8.06M as of Dec 31, 2022 |
| Net annual income (TTM): | $7.86M as of Dec 31, 2022 |
| Free cash flow (TTM): | $15.65M as of Dec 31, 2022 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 10,910,553 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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