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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/flaherty-crumrine-investment-grade-preferred-income-fund |
IR: | See website |
Key People | ||
Mark A. Caranci President, Chief Executive Officer, Director of Brompton Funds Management Limited | Ann P. Wong Chief Financial Officer, Chief Compliance Officer of Brompton Funds Management Limited | Laura W. Lau Senior Vice President, Chief Investment Officer of Brompton Funds Management Limited |
Stephen Allen Senior Vice President, Head of Distribution of Brompton Funds Management Limited | Christopher Z. Cullen Senior Vice President of Brompton Funds Management Limited | Michelle L. Tiraborelli Senior Vice President of Brompton Funds Management Limited |
Kathryn A. H. Banner Vice President, Corporate Secretary of Brompton Funds Management Limited | Michael D. Clare Vice President, Portfolio Manager of Brompton Funds Management Limited |
Business Overview |
Flaherty & Crumrine Investment Grade Preferred Income Fund (the Fund) is a Canada-based closed end investment trust. The Fund's investment objectives are to provide unitholders with a stable stream of monthly distributions and to preserve the net asset value per unit. The Fund invests in a portfolio of fixed income securities consisting primarily of United States dollar denominated corporate debt securities and preferred securities of North American issuers. All securities purchased by the Fund are rated investment grade at the time of investment. The Fund's investment portfolio sectors include banking, communications, energy, finance, insurance, miscellaneous, utilities and investment fund, ETF. The Fund's investment manager is Brompton Funds Limited. |
Financial Overview |
For the six months ended 30 June 2021, Flaherty & Crune Invt Grd Prf Inme Fund revenues increased from -C$2.7M to C$3.6M. Net income totaled C$3.7M vs. loss of C$11.9M. Revenues reflect Net realized gain (loss) on foreign curr increase from -C$1.3M to C$4M, Net change in unrealized gain (loss) on increase of 41% to -C$2.4M, Net change in unrealized foreign exchang increase of 16% to -C$664K. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $98.08M as of Jun 30, 2021 |
Annual revenue (TTM): | $10.81M as of Jun 30, 2021 |
EBITDA (TTM): | $9.47M as of Jun 30, 2021 |
Net annual income (TTM): | $14.62M as of Jun 30, 2021 |
Free cash flow (TTM): | -$2.71M as of Jun 30, 2021 |
Net Debt Last Fiscal Year: | $38.59M as of Jun 30, 2021 |
Shares outstanding: | 6,722,280 as of Mar 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |