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Invesco CurrencyShares Canadian Dollar Trust (IVZ+1.48%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing Canadian Dollar deposits of $61,492,087, down from $77,824,405 at the end of the previous year.
Interest income for the three months ended September 30, 2024, was $361,987, compared to $553,719 for the same period in the previous year.
Total expenses for the quarter were $61,921, resulting in a net comprehensive income of $300,066, compared to $471,784 in the previous year.
The Trust reported distributions paid of $311,157 for the three months ended September 30, 2024.
The Trust's assets consist solely of Canadian Dollars, which creates a concentration risk associated with fluctuations in the price of the Canadian Dollar.
The Trust's NAV per Share is calculated based on the Canadian Dollar/USD exchange rate as determined by The WM Company at 4:00 PM (London time) on each day that NYSE Arca (ICE+1.31%) is open for regular trading.
The Trust does not hold securities and does not invest in derivative instruments, and is not subject to market risk except for fluctuations in the Canadian Dollar/USD exchange rate.
The filing states that there have been no material changes from risk factors as previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2023.
The Trust redeemed 150,000 Shares from Authorized Participants during the three months ended September 30, 2024, at an average price of $72.62 per Share.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Invesco CurrencyShares Canadian Dollar Trust quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.