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Canso Credit Income Fund (T:PBY.UN)

Business Focus: Closed End Funds

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Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEDAR
Company Contact
Address: 13080 Yonge Street, Suite 3037
TORONTO ON 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 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: $203.14M 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