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Ridgewood Canadian Investment Grade Bond Fund (T:RIB.UN)

Business Focus: Investment Trusts

Sector:  Financials Industry:  Investment Trusts
See Regulatory Filings on SEDAR
Company Contact
Address: 55 University Ave Suite 1020
Tel: N/A
Website: N/A
Key People
John H. Simpson
Chairman of the Board, Chief Executive Officer, Chief Compliance Officer, Managing Director, Secretary, Ultimate Designated Person
Paul W. Meyer
President, Chief Financial Officer, Chief Investment Officer, Managing Director, Director
Mark Joseph Carpani
Senior Vice President, Director
Melissa Boulrice
Portfolio Manager
James S. McAughey
Portfolio Manager
Jennifer K. Zabanah
Portfolio Manager
Business Overview
Ridgewood Canadian Investment Grade Bond Fund is a Canada-based investment Trust. The Company as independent manager manages approximately 1.2 billion dollars in assets for a diversified client base of individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately 775 million dollars is invested in fixed income assets.
Financial Overview
For the six months ended 30 June 2020, Ridgewood Canadian Investment Grd BndFnd revenues decreased 58% to C$9.8M. Net income decreased 63% to C$7.9M. Revenues reflect Net change in unrealized appreciation (d decrease of 74% to C$3.8M, Net realized (loss) gain on sale of inve decrease from C$1.8M to -C$1.7M. Dividend per share remained flat at C$0.32. Basic Earnings per Share excluding Extraordinary Items decreased from C$1.55 to C$0.54.
Reporting Currency: Canadian Dollars
Enterprise value: $371.33M as of Jun 30, 2020
Annual revenue (TTM): $17.53M as of Jun 30, 2020
EBITDA (TTM): $15.84M as of Jun 30, 2020
Net annual income (TTM): $13.70M as of Jun 30, 2020
Free cash flow (TTM): -$35.40M as of Jun 30, 2020
Net Debt Last Fiscal Year: $122.33M as of Jun 30, 2020
Shares outstanding: 15,676,028 as of Aug 17, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization