Canso Credit Income Fund (TSE:PBY.UN)’s stock price dropped 0.9% during mid-day trading on Tuesday . The stock traded as low as C$10.65 and last traded at C$10.68, approximately 5,025 shares were traded during trading. A decline of 44% from the average daily volume of 8,968 shares. The stock had previously closed at C$10.78.
The firm’s 50 day simple moving average is C$11.05 and its 200-day simple moving average is C$11.08.
The business also recently declared a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid a $0.0417 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Thursday, August 29th.
Canso Credit Trust – Canso Credit Income Fund is a closed ended fixed income mutual fund launched by Lysander Funds Limited. The fund is managed by Canso Investment Counsel Ltd. It invests in the fixed income markets of Canada. The fund primarily invests in corporate bonds. It employs fundamental analysis with bottom-up and deep value approach to create its portfolio.
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