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About the company
Middlefield Canadian Income PCC is a Jersey-based closed-ended investment company. The Company has one closed-ended cell, Middlefield Canadian Income GBP PC, (the Fund). The Fund’s investment objective is to provide shareholders with a high level of dividends, as well as capital growth over the longer term. The Fund seeks to achieve its investment objective by investing predominantly in the securities of companies and real estate investment trusts (REITs) domiciled in Canada and the United States that the investment manager believes will provide an attractive level of distribution, together with the prospect for capital growth. The Fund invests in various sectors, including financials, real estate, utilities, pipelines, energy, materials, healthcare, communication services, consumer staples, consumer discretionary and industrials. Its investment manager is Middlefield Limited.
- Revenue in GBP (TTM)9.78m
- Net income in GBP5.15m
- Incorporated2006
- Employees0.00
- LocationMiddlefield Canadian Income Trust28 EsplanadeSAINT HELIER JE2 3QAJerseyJEY
Profile
| Management group(s) | Middlefield Limited |
|---|---|
| AIC sector | North America |
| ISIN | GB00B15PV034 |
| Launch date | 06 Jul 2006 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide Shareholders with a high level of dividends as well as capital growth over the longer term. The Fund seeks to achieve its investment objective by investing predominantly in the securities of companies and REITs domiciled in Canada and listed on a Canadian Stock Exchange. The Fund’s portfolio will generally comprise between 35 and 70 investments.
Managed by
| Dean Orrico, Rob Lauzon |
|---|
Management & contract fees
The Investment Manager is entitled to a management fee payable quarterly in arrears at a rate of 0.70% p.a. of the average NAV calculated over the relevant quarterly period. Agreements are terminable on 90 days written notice.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Northern 2 VCT plc | 5.51m | 2.85m |
| Harmony Energy Income Trust PLC | -26.29m | -29.08m |
| Northern 3 VCT PLC | 5.76m | 3.04m |
| Majedie Investments plc | 21.20m | 17.11m |
| Artemis Alpha Trust PLC | 20.32m | 17.68m |
| Record Plc | 45.38m | 9.25m |
| Mercia Asset Management PLC | 34.88m | -7.59m |
| CQS Natural Rsrcs Grwth Inc PLC | 13.30m | 9.13m |
| Middlefield Canadian Income PCC | 9.78m | 5.15m |
| Symphony International Holdings Ltd | 9.32m | -18.86m |
| Invesco Perpetual UK Smlr Cos Inv Tr PLC | 28.79m | 26.52m |
| Albion Development VCT PLC | 15.68m | 12.51m |
| Albion Enterprise VCT PLC | 6.58m | 3.33m |
| abrdn Diversified Income and Growth PLC | 2.05m | -6.96m |
| Baillie Gifford China Growth Trust PLC | -30.63m | -32.98m |
| Duke Capital Ltd | 25.59m | 11.61m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| 1607 Capital Partners LLCas of 31 Mar 2023 | 10.93m | 10.27% |
| M&G Investment Management Ltd.as of 31 Jan 2024 | 7.08m | 6.66% |
| EFG Private Bank Ltd.as of 26 Sep 2024 | 4.42m | 4.16% |
| Wise Funds Ltd.as of 29 Feb 2024 | 2.38m | 2.24% |
| Janus Henderson Investors UK Ltd.as of 30 Jun 2024 | 1.45m | 1.36% |
| BlackRock Investment Management (UK) Ltd.as of 30 Sep 2024 | 1.45m | 1.36% |
| Vanguard Global Advisers LLCas of 30 Sep 2024 | 599.12k | 0.56% |
| Jefferies International Ltd. (Investment Management)as of 24 Sep 2024 | 466.46k | 0.44% |
| Legal & General Investment Management Ltd.as of 31 Jul 2024 | 350.14k | 0.33% |
| Investec Wealth & Investment Ltd.as of 29 Dec 2023 | 350.00k | 0.33% |
