Blue Ribbon Income Fund
Blue Ribbon Income Fund is a closed-ended equity mutual fund launched and managed by Bloom Investment Counsel, Inc. The fund invests in public equity markets of Canada. It benchmarks the performance of its portfolio against the S&P/TSX Income Trust Index. The fund was formerly known as the Citadel Diversified Investment Trust. Blue Ribbon Income Fund was formed on September 16, 1997 and is domici… Read more
Blue Ribbon Income Fund (RBN-UN) - Net Assets
Latest net assets as of June 2025: CA$64.78 Million CAD
Based on the latest financial reports, Blue Ribbon Income Fund (RBN-UN) has net assets worth CA$64.78 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$65.15 Million) and total liabilities (CA$364.74K). 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$64.78 Million |
| % of Total Assets | 99.44% |
| Annual Growth Rate | -9.21% |
| 5-Year Change | -26.71% |
| 10-Year Change | -66.83% |
| Growth Volatility | 16.08 |
Blue Ribbon Income Fund - Net Assets Trend (2007–2024)
This chart illustrates how Blue Ribbon 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 Blue Ribbon Income Fund (2007–2024)
The table below shows the annual net assets of Blue Ribbon Income Fund from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$63.42 Million | -4.87% |
| 2023-12-31 | CA$66.67 Million | -8.60% |
| 2022-12-31 | CA$72.94 Million | -18.26% |
| 2021-12-31 | CA$89.24 Million | +3.13% |
| 2020-12-31 | CA$86.53 Million | -22.66% |
| 2019-12-31 | CA$111.89 Million | +1.64% |
| 2018-12-31 | CA$110.08 Million | -33.27% |
| 2017-12-31 | CA$164.95 Million | -15.01% |
| 2016-12-31 | CA$194.08 Million | +1.50% |
| 2015-12-31 | CA$191.21 Million | -30.86% |
| 2014-12-31 | CA$276.56 Million | -9.19% |
| 2013-12-31 | CA$304.54 Million | +14.54% |
| 2012-12-31 | CA$265.87 Million | +12.64% |
| 2011-12-31 | CA$236.02 Million | -7.85% |
| 2010-12-31 | CA$256.12 Million | +2.05% |
| 2009-12-31 | CA$250.97 Million | +19.21% |
| 2008-12-31 | CA$210.52 Million | -35.82% |
| 2007-12-31 | CA$328.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Ribbon 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$63.42 Million | 100.00% |
| Total Equity | CA$63.42 Million | 100.00% |
Blue Ribbon Income Fund Competitors by Market Cap
The table below lists competitors of Blue Ribbon Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Biomotion Sciences Warrant
NASDAQ:SLXNW
|
$51.22K |
|
Mango Capital Inc
PINK:MCAP
|
$51.26K |
|
ALLOT COMMUN (AG6.SG)
STU:AG6
|
$51.32K |
|
BTTCD
OTCQB:BTTCD
|
$51.35K |
|
Seven Principles AG
XETRA:T3T1
|
$51.11K |
|
Endonovo Therapeutics Inc
PINK:ENDV
|
$51.10K |
|
LOGN3F
SA:LOGN3F
|
$51.09K |
|
Neon Equity AG
XETRA:D77
|
$51.08K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Ribbon Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 66,666,087 to 63,422,270, a change of -3,243,817 (-4.9%).
- Net income of 10,029,286 contributed positively to equity growth.
- Dividend payments of 4,045,287 reduced retained earnings.
- Share repurchases of 9,270,004 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$10.03 Million | +15.81% |
| Dividends Paid | CA$4.05 Million | -6.38% |
| Share Repurchases | CA$9.27 Million | -14.62% |
| Other Changes | CA$42.19K | +0.07% |
| Total Change | CA$- | -4.87% |
Book Value vs Market Value Analysis
This analysis compares Blue Ribbon 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: 1.05x
- 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 0.73x to 1.05x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CA$10.75 | CA$7.89 | x |
| 2008-12-31 | CA$7.30 | CA$7.89 | x |
| 2009-12-31 | CA$9.60 | CA$7.89 | x |
| 2010-12-31 | CA$9.08 | CA$7.89 | x |
| 2011-12-31 | CA$10.33 | CA$7.89 | x |
| 2012-12-31 | CA$12.71 | CA$7.89 | x |
| 2013-12-31 | CA$12.13 | CA$7.89 | x |
| 2014-12-31 | CA$10.68 | CA$7.89 | x |
| 2015-12-31 | CA$7.47 | CA$7.89 | x |
| 2016-12-31 | CA$8.74 | CA$7.89 | x |
| 2017-12-31 | CA$8.83 | CA$7.89 | x |
| 2018-12-31 | CA$6.72 | CA$7.89 | x |
| 2019-12-31 | CA$7.93 | CA$7.89 | x |
| 2020-12-31 | CA$6.87 | CA$7.89 | x |
| 2021-12-31 | CA$8.06 | CA$7.89 | x |
| 2022-12-31 | CA$7.16 | CA$7.89 | x |
| 2023-12-31 | CA$7.04 | CA$7.89 | x |
| 2024-12-31 | CA$7.54 | CA$7.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Ribbon 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): 15.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 128.84%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.01x
- Recent ROE (15.81%) is above the historical average (4.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 10.05% | 96.94% | 0.10x | 1.03x | CA$164.38K |
| 2008 | -35.53% | -250.63% | 0.14x | 1.01x | CA$-95.86 Million |
| 2009 | 26.46% | 370.44% | 0.07x | 1.01x | CA$41.31 Million |
| 2010 | 25.90% | 353.61% | 0.07x | 1.01x | CA$40.73 Million |
| 2011 | 7.92% | 115.77% | 0.07x | 1.01x | CA$-4.92 Million |
| 2012 | 3.64% | 83.24% | 0.04x | 1.01x | CA$-16.91 Million |
| 2013 | 13.24% | 95.44% | 0.14x | 1.01x | CA$9.88 Million |
| 2014 | -1.80% | 0.00% | -0.01x | 1.02x | CA$-32.63 Million |
| 2015 | -17.90% | 0.00% | -0.17x | 1.01x | CA$-53.34 Million |
| 2016 | 27.12% | 97.35% | 0.28x | 1.01x | CA$33.22 Million |
| 2017 | 2.66% | 78.04% | 0.03x | 1.01x | CA$-12.10 Million |
| 2018 | -22.62% | 0.00% | -0.22x | 1.01x | CA$-35.91 Million |
| 2019 | 20.88% | 96.46% | 0.21x | 1.01x | CA$12.17 Million |
| 2020 | -7.89% | 0.00% | -0.07x | 1.01x | CA$-15.48 Million |
| 2021 | 18.20% | 91.93% | 0.20x | 1.01x | CA$7.31 Million |
| 2022 | -8.32% | 0.00% | -0.07x | 1.01x | CA$-13.36 Million |
| 2023 | 9.11% | 5231.47% | 0.00x | 1.01x | CA$-595.64K |
| 2024 | 15.81% | 128.84% | 0.12x | 1.01x | CA$3.69 Million |
Industry Comparison
This section compares Blue Ribbon 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 |
|---|---|---|---|---|
| Blue Ribbon Income Fund (RBN-UN) | CA$64.78 Million | 10.05% | 0.01x | $51.21K |
| 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 |