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Symphony Floating Rate Senior Loan Fund (T:SSF.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
Company Contact
Address: Brookfield Place, 181 Bay St Suite 2930,
P.O. Box 793
TORONTO ON M5J 2T3
Tel: N/A
Website: https://www.bromptongroup.com/product/symphony-floating-rate-senior-loan-fund
IR: See website
Key People
Mark A. Caranci
President, Chief Executive Officer, Executive Officer, Director
Ann P. Wong
Chief Financial Officer, Executive Director
Kathryn A. H. Banner
Senior Vice President, Corporate Secretary
Michael D. Clare
Senior Vice President, Senior Portfolio Manager
Christopher Z. Cullen
Senior Vice President of the Manager
Manith Phanvongsa
Senior Vice President
Michelle L. Tiraborelli
Senior Vice President
Laura W. Lau
Chief Investment Officer
 
Business Overview
Symphony Floating Rate Senior Loan Fund (the Fund) is a mutual fund trust. The Fund's investment objectives are to provide unitholders with monthly distributions and to preserve capital. The Fund invests in an actively managed diversified Portfolio consisting primarily of short duration senior secured floating rate corporate loans typically issued by non-investment grade companies, with exposure gained through direct purchase of senior loans made by banks or other financial institutions to borrowers, assignments of such interest in senior loans, and participation interests in senior loans. The Fund's portfolio includes various sectors such as communication services, Consumer discretionary, Consumer staples, energy, health care, utilities, Financials, industrials, real estate, and Information technology. The Fund is managed by Brompton Funds Limited.
Financial Overview
For the fiscal year ended 31 December 2022, Symphony Floating Rate Senior Loan Fund revenues decreased from C$9.7M to -C$1.9M. Net loss totaled C$3.9M vs. income of C$8.1M. Revenues reflect Unrealized G/L on Investment Securities decrease from C$9.3M to -C$1.5M, Realized G/L on Commodities decrease from C$3.3M to -C$3M, Realized Foreign Exchange G/L - Capital decrease from -C$20K to -C$2M.
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $-1.87M as of Dec 31, 2022
EBITDA (TTM): -$3.88M as of Dec 31, 2022
Net annual income (TTM): -$3.92M as of Dec 31, 2022
Free cash flow (TTM): -$2.61M as of Dec 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 7,070,099 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization