MINT Income Fund Reports Earnings Results for the Full Year Ended December 31, 2023
March 27, 2024 at 10:03 pm EDT
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MINT Income Fund reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was CAD 4.25 million compared to CAD 9.74 million a year ago. Net income was CAD 1.7 million compared to CAD 7.86 million a year ago.
Basic earnings per share from continuing operations was CAD 0.14 compared to CAD 0.59 a year ago.
MINT Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high income securities on a cost-effective basis. The Fund invests in a diversified portfolio of securities consisting primarily of high-yielding equity securities of issuers operating in various industries and geographic regions. It invests in various sectors, such as energy, real estate, utilities, financials, healthcare, pipelines, industrials, materials, metals and mining, technology, consumer discretionary, and communication services. The Fund's investment manager is Middlefield Limited. Middlefield Capital Corporation (MCC) is the investment advisor of the Fund.