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 |