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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)2.99m
- Net income in GBP-1.66m
- 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) |
|---|---|---|
| Kings Arms Yard VCT PLC | 4.80m | 2.14m |
| Harmony Energy Income Trust PLC | 6.61m | 3.14m |
| Blackrock Latin Amercn Invstmnt Trst PLC | 44.65m | 42.05m |
| Trident Royalties PLC | 7.50m | 1.88m |
| Middlefield Canadian Income PCC | 2.99m | -1.66m |
| Northern Venture Trust plc | 5.88m | 3.17m |
| Artemis Alpha Trust PLC | 8.39m | 5.98m |
| Amati AIM VCT PLC | -41.59m | -44.82m |
| Rights and Issues Investment Trust PLC | 4.89m | 3.59m |
| Molten Ventures VCT PLC | -266.00k | -2.46m |
| Weiss Korea Opportunity Fund Ltd | -2.31m | -6.45m |
| Northern 2 VCT plc | 5.87m | 3.21m |
| Octopus AIM VCT plc | -21.82m | -24.88m |
| Foresight Sustainable Forestry Cmpny PLC | -8.67m | -11.34m |
| Northern 3 VCT PLC | 5.86m | 3.16m |
| Albion Development VCT PLC | 8.80m | 5.75m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| 1607 Capital Partners LLCas of 29 Sep 2022 | 10.93m | 10.27% |
| M&G Investment Management Ltd.as of 31 Jan 2024 | 7.08m | 6.65% |
| EFG Private Bank Ltd.as of 16 Jan 2023 | 5.57m | 5.24% |
| Wise Funds Ltd.as of 31 Jan 2024 | 2.38m | 2.24% |
| Janus Henderson Investors UK Ltd.as of 31 Mar 2024 | 1.45m | 1.36% |
| BlackRock Investment Management (UK) Ltd.as of 30 Apr 2024 | 1.28m | 1.21% |
| Vanguard Global Advisers LLCas of 31 Jan 2024 | 527.96k | 0.50% |
| Legal & General Investment Management Ltd.as of 28 Mar 2024 | 350.14k | 0.33% |
| Investec Wealth & Investment Ltd.as of 29 Dec 2023 | 350.00k | 0.33% |
| abrdn Alternative Investments Ltd.as of 17 May 2024 | 345.27k | 0.32% |
