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Sector: Financials | Industry: Closed End Funds |
Company Contact | |
Address: | 812 Memorial Drive NW CALGARY AB T2N 3C8 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Vincenzo E. Greco Chairman of the Board of the Manager | Francisco Z. Ramirez President, Chief Executive Officer, Chief Compliance Officer, Director of the Manager | Catherine E. Rebuldela Chief Financial Officer, Vice President, Secretary, Director of the Manager |
Business Overview |
Global Dividend Growers Income Fund (the Fund) is a closed-end investment fund. The investment objectives of the Fund are to provide unitholders with stable monthly cash distributions and to grow distributions over time and enhance long-term total return through capital appreciation of the Fund's investment portfolio. The Fund invests approximately 30% and till approximately 70% of its assets in an equally weighted passively managed diversified portfolio consisting of the equity securities of publicly listed issuers by market capitalization globally, which have exhibited cumulative dividend growth of approximately 10% over the five-year period ending on the date prior to the date of re-balancing, as well as an indicated dividend yield of approximately 3%. The Fund invests in a range of sectors, such as technology, utilities, consumer discretionary, financials, healthcare, communication services, consumer staples, and industrials. Middlefield Limited is the manager of the Fund. |
Financial Overview |
For the six months ended 30 June 2022, Middlefield Sustainable Glbal Dvdend ETF revenues decreased from C$6.2M to -C$15.2M. Net loss totaled C$15.9M vs. income of C$5.6M. Revenues reflect Unrealized G/L on Investment Securities decrease from C$2.6M to -C$21M, Unrealized Foreign Exchange G/L -Capital decrease of 99% to C$1K, Income from Investments decrease of 5% to C$886K. Dividend per share decreased from C$0.37 to C$0.12. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $7.03M as of Jun 30, 2022 |
Annual revenue (TTM): | $-4.94M as of Jun 30, 2022 |
EBITDA (TTM): | -$6.06M as of Jun 30, 2022 |
Net annual income (TTM): | -$6.28M as of Jun 30, 2022 |
Free cash flow (TTM): | $5.70M as of Jun 30, 2022 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 5,231,392 as of May 25, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |