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Canso Credit Income Fund (T:PBY.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
Company Contact
Address: 3080 Yonge Street, Suite 3037
TORONTO ON M4N 3N1
Tel: N/A
Website: N/A
IR: N/A
Key People
Richard Usher-Jones
President, Chief Executive Officer, Director
Rajeev Vijh
Chief Financial Officer, Chief Operating Officer, Vice President
Timothy Hicks
Chief Investment Officer, Director
Ruth Liu
Chief Compliance Officer, General Counsel, Company Secretary
   
Business Overview
Canso Credit Income Fund (the Fund) is a Canada-based closed-end fund. The Fund's investment objective is to maximize total returns for unitholders while reducing risk and provide unitholders with monthly cash distributions by taking long and short positions in a portfolio of primarily of 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 2023, Canso Credit Income Fund revenues increased from -C$10.2M to C$4.2M. Net income totaled C$2.3M vs. loss of C$11.6M. Revenues reflect Change in appreciation (depreciation) un increase of 99% to -C$288K, Derivative income increase from -C$265K to C$1.5M, Interest for distribution purposes increase of 22% to C$5.2M. Net Income reflects Transfer agent decrease of 1% to C$7K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $177.37M as of Jun 30, 2023
Annual revenue (TTM): $16.39M as of Jun 30, 2023
EBITDA (TTM): $13.09M as of Jun 30, 2023
Net annual income (TTM): $13.09M as of Jun 30, 2023
Free cash flow (TTM): -$4.94M as of Jun 30, 2023
Net Debt Last Fiscal Year: $46.68M as of Jun 30, 2023
Shares outstanding: 9,354,310 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization