MINT Income Fund
MINT Income Fund is a closed ended equity mutual fund launched by Middlefield Limited. It is co-managed by Middlefield Capital Corporation, Guardian Capital LP, and Groppe, Long & Littell. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies. It … Read more
MINT Income Fund (MID-UN) - Net Assets
Latest net assets as of June 2025: CA$74.37 Million CAD
Based on the latest financial reports, MINT Income Fund (MID-UN) has net assets worth CA$74.37 Million CAD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$96.62 Million) and total liabilities (CA$22.25 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$74.37 Million |
| % of Total Assets | 76.97% |
| Annual Growth Rate | 3.24% |
| 5-Year Change | 5.29% |
| 10-Year Change | -2.21% |
| Growth Volatility | 63.05 |
MINT Income Fund - Net Assets Trend (2006–2024)
This chart illustrates how MINT Income Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MINT Income Fund (2006–2024)
The table below shows the annual net assets of MINT Income Fund from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$80.46 Million | +11.60% |
| 2023-12-31 | CA$72.10 Million | -13.53% |
| 2022-12-31 | CA$83.38 Million | -5.33% |
| 2021-12-31 | CA$88.08 Million | +15.25% |
| 2020-12-31 | CA$76.42 Million | -24.05% |
| 2019-12-31 | CA$100.61 Million | -9.08% |
| 2018-12-31 | CA$110.65 Million | -31.28% |
| 2017-12-31 | CA$161.02 Million | +137.07% |
| 2016-12-31 | CA$67.92 Million | -17.46% |
| 2015-12-31 | CA$82.29 Million | -39.19% |
| 2014-12-31 | CA$135.31 Million | -29.67% |
| 2013-12-31 | CA$192.40 Million | +66.23% |
| 2012-12-31 | CA$115.74 Million | -10.51% |
| 2011-12-31 | CA$129.33 Million | -15.46% |
| 2010-12-31 | CA$152.98 Million | +35.76% |
| 2009-12-31 | CA$112.69 Million | +46.20% |
| 2008-12-31 | CA$77.07 Million | -44.19% |
| 2007-12-31 | CA$138.09 Million | +204.93% |
| 2006-12-31 | CA$45.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MINT Income Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1859243800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$18.59 Million | 23.11% |
| Common Stock | CA$61.87 Million | 76.89% |
| Total Equity | CA$80.46 Million | 100.00% |
MINT Income Fund Competitors by Market Cap
The table below lists competitors of MINT Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Optimus Healthcare Services Inc
PINK:OHCS
|
$50.02K |
|
Firstec Co. Ltd.
KQ:010820
|
$50.03K |
|
289860
KO:289860
|
$50.03K |
|
Pilulka Lekarny as
PR:PINK
|
$50.03K |
|
Foresight Environmental Infrastructure Limited
LSE:FGEN
|
$49.99K |
|
ULTRALIFE (ULB.SG)
STU:ULB
|
$49.96K |
|
VITA 34 N - Dusseldorf Stock Exchang
DU:V3V
|
$49.96K |
|
Yeedex Electronic Corporation
TWO:7556
|
$49.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MINT Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 72,100,452 to 80,464,756, a change of 8,364,304 (11.6%).
- Net income of 20,625,821 contributed positively to equity growth.
- Dividend payments of 5,276,859 reduced retained earnings.
- Share repurchases of 8,248,025 reduced equity.
- New share issuances of 1,229,347 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$20.63 Million | +25.63% |
| Dividends Paid | CA$5.28 Million | -6.56% |
| Share Repurchases | CA$8.25 Million | -10.25% |
| Share Issuances | CA$1.23 Million | +1.53% |
| Other Changes | CA$34.02K | +0.04% |
| Total Change | CA$- | 11.60% |
Book Value vs Market Value Analysis
This analysis compares MINT Income Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.70x to 1.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CA$10.66 | CA$7.49 | x |
| 2007-12-31 | CA$14.00 | CA$7.49 | x |
| 2008-12-31 | CA$4.84 | CA$7.49 | x |
| 2009-12-31 | CA$7.40 | CA$7.49 | x |
| 2010-12-31 | CA$6.55 | CA$7.49 | x |
| 2011-12-31 | CA$5.54 | CA$7.49 | x |
| 2012-12-31 | CA$9.44 | CA$7.49 | x |
| 2013-12-31 | CA$11.23 | CA$7.49 | x |
| 2014-12-31 | CA$8.74 | CA$7.49 | x |
| 2015-12-31 | CA$5.11 | CA$7.49 | x |
| 2016-12-31 | CA$5.79 | CA$7.49 | x |
| 2017-12-31 | CA$6.66 | CA$7.49 | x |
| 2018-12-31 | CA$4.86 | CA$7.49 | x |
| 2019-12-31 | CA$5.16 | CA$7.49 | x |
| 2020-12-31 | CA$5.02 | CA$7.49 | x |
| 2021-12-31 | CA$6.31 | CA$7.49 | x |
| 2022-12-31 | CA$6.26 | CA$7.49 | x |
| 2023-12-31 | CA$5.87 | CA$7.49 | x |
| 2024-12-31 | CA$7.34 | CA$7.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MINT Income Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 89.54%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.29x
- Recent ROE (25.63%) is above the historical average (5.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -4.73% | -41.20% | 0.09x | 1.23x | CA$-6.67 Million |
| 2007 | 1.27% | 14.81% | 0.07x | 1.19x | CA$-12.05 Million |
| 2008 | -56.41% | -272.38% | 0.17x | 1.22x | CA$-51.19 Million |
| 2009 | 46.26% | 478.14% | 0.08x | 1.28x | CA$40.86 Million |
| 2010 | 40.85% | 425.67% | 0.08x | 1.27x | CA$47.19 Million |
| 2011 | 3.64% | 40.23% | 0.08x | 1.16x | CA$-8.22 Million |
| 2012 | 4.09% | 83.24% | 0.04x | 1.09x | CA$-6.84 Million |
| 2013 | 16.34% | 95.36% | 0.14x | 1.24x | CA$12.20 Million |
| 2014 | -12.74% | 0.00% | -0.07x | 1.50x | CA$-30.77 Million |
| 2015 | -17.46% | 0.00% | -0.11x | 1.38x | CA$-22.59 Million |
| 2016 | 15.98% | 90.14% | 0.14x | 1.23x | CA$4.06 Million |
| 2017 | 5.36% | 63.02% | 0.07x | 1.23x | CA$-7.46 Million |
| 2018 | -12.90% | 0.00% | -0.10x | 1.10x | CA$-25.34 Million |
| 2019 | 18.25% | 94.78% | 0.15x | 1.26x | CA$8.30 Million |
| 2020 | -10.62% | 0.00% | -0.09x | 1.01x | CA$-15.76 Million |
| 2021 | 28.49% | 98.32% | 0.26x | 1.12x | CA$16.28 Million |
| 2022 | 9.42% | 91.20% | 0.10x | 1.07x | CA$-482.69K |
| 2023 | 2.36% | 40.71% | 0.04x | 1.29x | CA$-5.51 Million |
| 2024 | 25.63% | 89.54% | 0.22x | 1.29x | CA$12.58 Million |
Industry Comparison
This section compares MINT Income Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $398,436,303
- Average return on equity (ROE) among peers: -4.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MINT Income Fund (MID-UN) | CA$74.37 Million | -4.73% | 0.30x | $50.00K |
| Alaris Equity Partners Income Trust (AD-UN) | $604.54 Million | 1.97% | 0.32x | $616.42 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $4.27 Million | -129.03% | 0.20x | $5.48 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $354.64 Million | 11.23% | 0.49x | $48.58K |
| Bankers Petroleum Ltd (BNK) | $28.51 Million | 46.55% | 0.58x | $113.70K |
| Sprott Physical Gold and Silver Trust (CEF) | $1.20 Billion | -29.28% | 0.00x | $452.56K |
| Canso Select Opportunities Corporation (CSOC-B) | $12.03 Million | -8.99% | 0.00x | $8.94 Million |
| CoTec Holdings Corp. (CTH) | $-59.00K | 0.00% | 0.00x | $51.82 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $159.95 Million |
| Dividend Growth Split Corp (DGS) | $296.85 Million | 37.60% | 1.53x | $52.33K |
| E Split Corp Class A (ENS) | $227.99 Million | 17.94% | 0.77x | $118.61K |