Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Canso Credit Income Fund (T:PBY.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEDAR
Company Contact
Address: 13080 Yonge Street, Suite 3037
Tel: N/A
Website: N/A
Key People
Business Overview
Canso Credit Income Fund is a Canada-based closed-end fund. The Company is focused on taking long and short positions in a portfolio of primarily corporate bonds and other income securities. The Fund's portfolio manager is Canso Investment Counsel Ltd.
Financial Overview
For the six months ended 30 June 2019, Canso Credit Income Fund revenues increased 96% to C$12.3M. Net income increased from C$3.5M to C$9.9M. Revenues reflect Change in (depreciation) unrealized on i increase from C$525K to C$6.9M, Interest for distribution purposes increase of 32% to C$4.7M, Derivative income increase from -C$855K to C$96K. Net income benefited from Harmonized sales tax decrease of 73% to C$43K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $207.04M as of Jun 30, 2019
Annual revenue (TTM): $4.01M as of Jun 30, 2019
EBITDA (TTM): -$0.04M as of Jun 30, 2019
Net annual income (TTM): -$0.04M as of Jun 30, 2019
Free cash flow (TTM): $9.79M as of Jun 30, 2019
Net Debt Last Fiscal Year: $67.94M as of Jun 30, 2019
Shares outstanding: 14,326,193 as of Jul 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization