Middlefield Global Real Asset Fund (T:RA.UN)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | 8 Spadina Avenue, Suite 3100 TORONTO ON M5V0S8 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| N/A | ||
| Business Overview |
| Middlefield Global Real Asset Fund (the Fund) is a Canada-based closed-ended investment trust. The Fund's investment objectives are to provide holders of units with stable monthly cash distributions, and long-term total return through capital appreciation of the Fund's investment portfolio. The Company primarily invests in global portfolio comprised of dividend paying securities. The Fund also invests in physical real estates or infrastructure assets. The Fund invests in a portfolio of sectors, which include real estate, utilities, industrial, energy, technology, pipeline and materials. The Fund is managed by Middlefield Limited. The investment advisor of the Fund is Middlefield Capital Corporation. |
| Financial Overview |
| For the six months ended 30 June 2023, Middlefield Global Real Asset Fund revenues increased 95% to -C$279K. Net loss decreased 86% to C$825K. Revenues reflect Change in Net Unrealized Loss on Investm increase of 88% to -C$953K, Net Realized Loss from Derivatives Trans increase from -C$60K to C$0K, Interest Income - Investment increase from C$12K to C$55K. Lower net loss reflects Management fee decrease of 40% to C$222K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $0.65M as of Jun 30, 2023 |
| EBITDA (TTM): | -$0.53M as of Jun 30, 2023 |
| Net annual income (TTM): | -$0.85M as of Jun 30, 2023 |
| Free cash flow (TTM): | $17.31M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 3,501,352 as of Feb 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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