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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
TORONTO CA M4N 3N1
Tel: N/A
Website: N/A
IR: N/A
Key People
N/A    
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 fiscal year ended 31 December 2019, Canso Credit Income Fund revenues increased from -C$2M to C$20.9M. Net income totaled C$16.2M vs. loss of C$6.4M. Revenues reflect Change in (depreciation) unrealized on i increase from -C$12.3M to C$12.4M, Derivative income increase from -C$1.4M to C$773K, Interest for distribution purposes increase of 17% to C$9M. Net Income reflects Harmonized sales tax decrease of 28% to C$119K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $188.31M as of Dec 31, 2019
Annual revenue (TTM): $20.91M as of Dec 31, 2019
EBITDA (TTM): $16.19M as of Dec 31, 2019
Net annual income (TTM): $16.19M as of Dec 31, 2019
Free cash flow (TTM): $4.65M as of Dec 31, 2019
Net Debt Last Fiscal Year: $77.66M as of Dec 31, 2019
Shares outstanding: 13,751,867 as of Jun 9, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization