Blue Ribbon Income Fund Reports Earnings Results for the Half Year Ended June 30, 2023
August 23, 2023 at 11:11 am
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Blue Ribbon Income Fund reported earnings results for the half year ended June 30, 2023. For the half year, the company reported revenue was CAD 3.65 million compared to negative revenue of CAD 5.65 million a year ago. Net income was CAD 3.06 million compared to net loss of CAD 6.3 million a year ago.
Basic earnings per share from continuing operations was CAD 0.32 compared to basic loss per share from continuing operations of CAD 0.61 a year ago.
Blue Ribbon Income Fund (the Fund) is a Canada-based mutual fund trust. The Fundâs investment objectives are to provide unitholders with high monthly distributions, together with the opportunity for capital appreciation. The Company's investment portfolio includes consumer staples, consumer discretionary; financial; industrial; materials; utilities; real estate, and communication services. The Fund manages a portfolio of publicly listed or traded securities, including income trusts, royalty trusts, real estate investment trusts, common shares, preferred securities, and debt instruments. Its investment products include ETFs, Split Share Funds, and Other Toronto Stock Exchange (TSX) Traded Funds. The Company's trustee is Computershare Trust Company of Canada. Bloom Investment Counsel, Inc. manages the fund's portfolio.