Fixed asset – Angil http://angil.org/ Tue, 20 Sep 2022 22:11:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://angil.org/wp-content/uploads/2021/06/icon-2021-06-29T195041.460-150x150.png Fixed asset – Angil http://angil.org/ 32 32 4 bright spots for financial advisors in an otherwise dismal economic environment https://angil.org/4-bright-spots-for-financial-advisors-in-an-otherwise-dismal-economic-environment/ Tue, 20 Sep 2022 21:53:22 +0000 https://angil.org/4-bright-spots-for-financial-advisors-in-an-otherwise-dismal-economic-environment/ By Sumit Handa, Partner and Co-Head of the Investment Committee, Pennington Partners While Jay Powell and the Federal Reserve must choose between fighting inflation and saving the economy, as Circe warned Ulysses, the choice between Scylla and Charybdis is not easy. In other words, there are a lot of headwinds ahead of us and unfortunately […]]]>

By Sumit Handa, Partner and Co-Head of the Investment Committee, Pennington Partners

While Jay Powell and the Federal Reserve must choose between fighting inflation and saving the economy, as Circe warned Ulysses, the choice between Scylla and Charybdis is not easy.

In other words, there are a lot of headwinds ahead of us and unfortunately the path to cross them may not be easy. But although the current economic and geopolitical environment is challenging, many businesses will benefit. In my experience as CIO for the City of Philadelphia and now in my role at Pennington Partners, I have seen firsthand how industries are changing to meet the needs of the moment. Below are some of our observations on how to interpret the current environment and the types of opportunities we see as a result.

Gas, inflation and real estate – all more nuanced than they first appear

Gasoline prices may have fallen by a few cents, but food prices are up 14% year over year, with the price of eggs up 47%. Natural gas, which accounts for about 40% of an average utility bill, is nearing its highest level in fourteen years. Some of these increases are the result of sanctions put in place during the Russian-Ukrainian war, but this brings little comfort to the millions of Europeans who need liquefied natural gas (LNG) and does nothing to help the average American. As reported in Bloomberg, 20 million Americans (1 in 6) are late paying their utility bills.

According to Walmart, food inflation is in double digits and much higher than it was at the end of the first quarter. This affects customers’ ability to spend in general merchandise categories and requires more markdowns to browse inventory, especially apparel. Some of the world’s largest consumer goods producers will face a major hit in the coming months as shoppers turn to cheaper supermarket brands to manage their cost of living.

In real estate, it seems that the housing market is collapsing faster than at the end of the 2004-2008 bubble. Zillow has released new data that shows home prices have started to fall faster, especially in previously hotter markets. In the first quarter of 2022, investors accounted for a record 28% of single-family home sales compared to 20% in the first quarter of 2021, according to a report from the Harvard Joint Center for Housing Studies. A large portion of those buyers were companies, like Opendoor.com and Blackrock.

With the recent stock and bond market correction – the first half of the year was the worst performance since 1872, when the nation was still in the throes of civil war – we are beginning to see something new under the sun as it there is a reverse negative wealth effect.

In the face of these daunting challenges, we continue to favor investments linked to pricing power and collateral-based cash flows. This view is consistent with our goal of owning stories of pricing power in an era of rising inflation.

Learning from the past – How the 1970s told us to get long pricing power and initial cash flow in a higher inflation environment

Investors with a long-term horizon would also benefit from considering the following themes for value and growth:

Regionalization

In response to geopolitical questions, the Inflation Reduction Act attempts to de-globalize, which may be smart and necessary as well as strategic, but it will also lead to more expensive labor, higher taxes and stricter regulations. Thus, the deflationary winds of globalization have been replaced by the inflationary veils of de-globalization. It is a theme that will accompany us for a long time.

Nancy Pelosi’s recent visit to Taiwan signals the United States’ intention to weaken its dependence on Taiwan-produced semiconductors by convincing the president of Taiwan Semiconductor to start production in United States. The US just approved a $53 billion bill to boost semiconductor R&D – President Biden promises it will cut costs and create jobs, while outlining steps towards regionalization . Taiwan produces over 65% of the world’s chip supply and therefore has a monopoly on producing the most complex chips.

Both the United States and China rely heavily on Taiwan-made chips. It takes 3-4 years to build a new chip foundry – there are critical machines to find and install. It takes much longer to gain the expertise to execute it and produce high-end designs. According to NXP, a leading semiconductor company, the industry is expected to reach $1 trillion by 2030.

Thus, the bill could lead to the development of foundries in the United States and huge investment opportunities ranging from public markets to infrastructure, real estate and more.

cloud computing

The big players are now on a run rate of around $160 billion a year, growing at 30% a year. While growth has slowed, these providers are also spending a lot of money to expand their infrastructure, which is indicative of future opportunities. For Amazon specifically, which is the only company to report cloud results, the company’s backlog was $100 billion, up 65% year-over-year and 13 % in sequential.

cyber security

According to Fortune Business Insights, the global cybersecurity market is expected to grow from $155.83 billion in 2022 to $376.32 billion by 2029, growing at a CAGR of 13.4%. Meanwhile, recent high profile hacks on critical infrastructure – such as the Colonial Pipeline ransomware attack by Russian cybercriminal group Darkside (demanding a $4.4 million ransom) – demonstrate just how essential and imperative to secure the digital infrastructure. Additionally, while the overall market is expected to grow at a CAGR of 13.4% over the next 7 years, many of the leading cybersecurity companies are growing much (much) faster than this.

In 2021, the economic damage caused by cybercrime is estimated at $6 trillion, and this already astonishing figure is expected to increase by 15% per year to reach $10.5 trillion by 2025 (source: Cybersecurity Ventures).

The need for robust endpoint security has also increased due to the widespread adoption of remote or hybrid working, with employees in many cases using personal devices that may be less secure than company-provided equipment. company. Additionally, the rapid growth of Internet of Things (IoT) devices has dramatically multiplied the complexity and variety of endpoints that may be vulnerable to attack – in essence, every smart device is a potentially hackable device, and it is projected that there will be 75. billion active IoT devices by the end of 2025. Of particular note perhaps is the rise of autonomous vehicles – cars, trucks and robotaxis – a new category of terminals which not only creates cybercrime, but also the risk of physical harm to either driver or pedestrian.

Software as a service (SAAS)

Good software companies are probably among the best types of businesses to own in an inflationary environment. They have little or no fixed assets – and therefore won’t have to pay to replace capital depreciated at inflationary rates – and significant pricing power, which should allow revenues to follow (if not exceed) inflation. costs.

Many generate high-margin recurring revenue from their customer contracts, so customers would have to mass-remove software for any vendor’s revenue to decline. Given the grip, this is highly unlikely. Indeed, we expect software companies to continue to grow at a healthy pace during a recession, driven by age-old tailwinds of digitization, automation and migration to the cloud. Granted, all of them are likely to grow more slowly than in a recession (budgets will shrink, new sales will be harder to come by, and some small businesses will go bankrupt, causing the market to roll down temporarily), but it’s It’s a far cry from more cyclical industries where companies can (and will) see significant drops in revenue and profits in the event of a downturn. We believe SaaS companies’ FCF margins will increase significantly over time through a combination of operating leverage and – importantly – lower sales and marketing investments once growth begins to slow as companies approach of maturity.

In conclusion, while we are going through a difficult period, we expect the volatility to continue and there will be carnage, we are reminded that Odysseus has reached Ithaca and regained his kingdom.

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Paragon International to Attend Global Hospitality Industry Event https://angil.org/paragon-international-to-attend-global-hospitality-industry-event/ Sat, 17 Sep 2022 05:12:25 +0000 https://angil.org/paragon-international-to-attend-global-hospitality-industry-event/ Hotel buyers can meet with Paragon to discuss key tax reduction strategies at the Lodging Conference. Schaumburg, IL, USA – September 17, 2022 – Paragon International, a leading provider of Sage fixed asset management software, physical asset inventory services, fixed asset valuation and cost reconciliation studies for hotels, today announced its participation at the Lodging […]]]>

Hotel buyers can meet with Paragon to discuss key tax reduction strategies at the Lodging Conference.

Schaumburg, IL, USA – September 17, 2022 – Paragon International, a leading provider of Sage fixed asset management software, physical asset inventory services, fixed asset valuation and cost reconciliation studies for hotels, today announced its participation at the Lodging Conference, September 19-22 in Phoenix.

Paragon International will be available at the conference to discuss tax reduction strategies that solve common hotel financing problems. The Lodging Conference brings together the hospitality industry’s most influential owners, operators, presidents, CEOs, investors and dealmakers to strategize in development, financing, franchising, management, construction, design and operation.

“We are thrilled to be part of The Lodging Conference, which has long been known for providing high-value learning and networking events for hospitality industry leaders and finance experts,” said Rick Swarts, CEO. of Paragon International. “We appreciate this opportunity to join hospitality industry influencers, as well as investors and funding sources, to develop potential strategies for the pressing tax challenges facing hotel buyers today. today.”

Drawing on its extensive experience in reducing taxes in the hospitality industry through asset allocation, Paragon International will meet with hotel buyers at the conference to discuss income tax reduction options, increase cash flow and accelerate return on investment by leveraging engineering and equity. Valuations that separate depreciable moveable assets from real estate. The personal property classification is eligible for additional depreciation and shorter tax lives, which increases tax deductions and generates cash flow. Paragon is advising hotel buyers to reduce their property transfer taxes before closing and claim immediate tax savings through this year’s limited-time 100% bonus amortization opportunities.

Attending the Hosting Conference? Schedule your one-on-one meeting with Paragon International to discuss how you can take advantage of the latest IRS tax codes and hospitality industry tax benefits to significantly reduce costs.

About Paragon International

Serving clients since 1985, Paragon International, Inc. provides independent, unbiased and accurate cost segregation analysis, property appraisals and valuations to help and support decisions related to taxes, risk management , investments, financing and business planning. Our consultants have extensive fixed asset experience – they are fixed asset experts. Thanks to this, we are able to offer a unique combination of irreplaceable human resources and state-of-the-art technology. We have specialists experienced in the valuation of closed titles, patents and other intangible assets, business enterprises, buildings, equipment and real estate. Additionally, Paragon provides comprehensive inventory and asset management solutions. We are a Certified Sage Fixed Assets Business Partner, assisting with software implementation and training, barcode labels and scanners, data conversion and ERP integration. Contact Paragon International to find out how we can help you.

Media Contact:

Scott Swarts for Paragon International
[email protected]
(877) 824-6834

Media Contact
Company Name: Epic Sky Inc.
Contact person: Brian Dunn
E-mail: Send an email
Call: 708-287-7773
Country: United States
Website: http://www.epicskymarketing.com

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1832 Asset Management Announces Sub-Advisor Change https://angil.org/1832-asset-management-announces-sub-advisor-change/ Wed, 14 Sep 2022 21:00:00 +0000 https://angil.org/1832-asset-management-announces-sub-advisor-change/ TORONTO, September 14, 2022 /CNW/ – 1832 Asset Management LP today announced a change in sub-advisor for two of its investment solutions. Dynamic Funds Logo (CNW Group/Dynamic Funds) Effective on or about September 19, 2022the sub-advisor for the global fixed income portion of the Dynamic Global Balanced Fund and the Marquis Institutional Bond Portfolio will […]]]>

TORONTO, September 14, 2022 /CNW/ – 1832 Asset Management LP today announced a change in sub-advisor for two of its investment solutions.

Dynamic Funds Logo (CNW Group/Dynamic Funds)

Effective on or about September 19, 2022the sub-advisor for the global fixed income portion of the Dynamic Global Balanced Fund and the Marquis Institutional Bond Portfolio will transfer to Payden & Rygel.

There will be no change to the investment objectives of the Funds as a result of this change.

Commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values ​​change frequently and past performance may not be repeated.

About 1832 Asset Management LP

1832 Asset Management offers a range of wealth management solutions, including mutual funds, ETFs and investment solutions for private clients, institutions and managed asset programs. 1832 Asset Management is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About Dynamic Funds

Dynamic Funds is a division of 1832 Asset Management LP, which offers a range of wealth management solutions, including mutual funds, actively managed ETFs, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management LP is a limited partnership, the general partner of which is wholly owned by Scotiabank. ® Dynamic Funds is a registered trademark of its proprietor, used under licence.

Website: www.dynamic.ca |Twitter:@DynamicFunds | LinkedIn: https://www.linkedin.com/company/dynamic-funds/

SOURCE Dynamic Funds

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View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/14/c3824.html

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Why the Standard Stocks + Bonds Portfolio Underperformed https://angil.org/why-the-standard-stocks-bonds-portfolio-underperformed/ Sat, 10 Sep 2022 13:46:11 +0000 https://angil.org/why-the-standard-stocks-bonds-portfolio-underperformed/ Portfolio diversification can mean different things to different people, depending on their financial plans and goals. However, the balance between growth and stability is almost certainly a characteristic of any diversified portfolio that most of us agree with. A 60/40 portfolio is one of those simple diversified portfolios with 60% invested in stocks and 40% […]]]>

Portfolio diversification can mean different things to different people, depending on their financial plans and goals. However, the balance between growth and stability is almost certainly a characteristic of any diversified portfolio that most of us agree with.

A 60/40 portfolio is one of those simple diversified portfolios with 60% invested in stocks and 40% in bonds and other fixed income investments. For decades, this has been the typical manifestation of portfolio diversification and has benefited at least two generations.

Let’s find out if a simple 60/40 portfolio is still relevant. Since the early 2000s, there have been multiple instances where stock markets have been rocked by recurring pitfalls and at the same time, even infallible fixed income assets have taken away billions.

It seems that a 60/40 portfolio is no longer the wealth creator it used to be, and in fact, even passive index investing can yield more returns than a simple 60/40 portfolio.

Diversification for long-term wealth creation in today’s environment

The main reason for portfolio diversification is to hedge against unpredictable market declines, thereby minimizing the risk of losing invested capital.

Right now, bonds and stocks are not enough to represent long-term wealth creation in a sustainable way. A simple 60/40 portfolio is no longer a hedge against market uncertainties and does not seem to keep up with the current market environment and investor appetite.

Alex Shahidi, a professor at California Lutheran University, in his article “Why a 60/40 Portfolio Isn’t Diversified”, demonstrates quantitatively how a typical 60/40 portfolio is now as risky as a pure equity portfolio in the late 1920s.

Traditionally, a 60/40 portfolio has been the preferred choice of investment advisers, but now even their calculations have swung to high-rewarding alternative investments.

Alternative investments are known to offer higher returns than traditional fixed income assets and, at the same time, they are known to quell volatility in traditional markets. These asset classes have long been reserved for ultra-high net worth individuals, but now, with the fintech revolution, things are opening up to investors of all sizes.

Conventional portfolios and the volatilities of modern markets

Analysis suggests that compared to the 1950s and 1960s, the 2000s were wild in terms of market volatility. In fact, the 2000s saw day-to-day volatilities right after the Great Depression.

Between 2000 and 2010, two major bubbles burst in US stock markets, which had a ripple effect on markets around the world. It took years after the following falls for the markets to recover and reach new highs.

Classic portfolios are not very convincing in the face of volatility.

For stock markets, of course, a volatile market would mean a stagnant or slowly growing portfolio over the long term.

The recent example of the post-Covid recovery and resulting market crash is an example of how investors have been stuck with hidden portfolio returns for nearly a year.

Bonds, which are meant to buffer the uncertainty and risk of investing in stocks, are also failing to perform in the light of wild swings in interest rates.

Duration risk or bond interest rate risk refers to the sensitivity of a bond’s price to changes in interest rates. For example, a typical long-duration bond may fall about 5% in response to a 1% increase in prevailing interest rates.

The volatility of stock markets coupled with the interest rate risks of bonds makes a simple 60/40 portfolio ineffective when it comes to building long-term wealth.

Alternative Portfolios: Today’s Diversification

Simply put, alternative assets are investment assets that break outside the boundaries of traditional asset classes like stocks and bonds.

These asset classes are generally known for their lack of correlation with traditional markets and their sustainable returns.

Traditionally, alternative investments have been limited to high net worth individuals due to their high ticket sizes and lack of information and awareness. However, things are changing for the better and online alternative investment platforms are now democratizing these assets for average investors.

Some typical examples of alternative investments can be private equity, venture capital, investing in farmland, real estate, commodities, and the regulated P2P lending ecosystem.

An alternative portfolio is a strategically balanced portfolio of alternative investments and traditional asset classes, designed to maximize returns while minimizing the risks of conventional investments.

The idea of ​​diversifying portfolios is quite recent, in fact, what seems so fundamental in the art of investing was hardly known before the 1960s. evolved only after World War II and dates back to the Great Depression. A simple 60/40 portfolio remained the face of diversified portfolios for much of the 20th century.

Alternative wallets have emerged in response to modern market environments, particularly after the globalization of business and the technological revolution in the form of the internet and increased connectivity.

These portfolios are typically designed with the needs and aspirations of the investor in mind, and feature a strategic allocation of assets across a mix of different traditional and alternative investments.

An alternative portfolio maintains a gentle balance between high growth and reasonable stability. This way, you can ensure that your portfolio achieves the highest possible returns, while dealing with market uncertainties, which are unfortunately quite common these days.

Alternative Portfolios for Average Indian Investors

Alternative investing is a relatively new concept for the average Indian investor. In fact, the pandemic and the resulting lockdowns can be attributed to the force behind the new found popularity of alternatives.

However, despite their novelty, the future of alternative wallets is quite bright in India. A report by Anand Rathi Wealth suggests that overall investments via Alternative Investment Funds (AIFs) will grow at a CAGR of 25% between 2022 and 2025.

Individual participation in alternative investment portfolios is also expected to grow at an exceptional rate. This is mainly due to fintech platforms democratizing these asset classes for average investors.

P2P lending: a new frontier

As the name suggests, P2P lending involves investors acting as lenders, lending their money directly to individuals and businesses in need of debt financing. This investment model can give you returns of up to 12-18% per annum and is tightly regulated by the RBI with only licensed platforms allowed to operate.

You are probably wondering about the risks associated with P2P lending?

Like all investments, P2P lending can be risky if not done carefully. The risk comes from the luck of the borrowers that your investment funds default.



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Disclaimer

The opinions expressed above are those of the author.



END OF ARTICLE



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Asia Week Ahead: China’s activity data at a glance https://angil.org/asia-week-ahead-chinas-activity-data-at-a-glance/ Thu, 08 Sep 2022 21:45:56 +0000 https://angil.org/asia-week-ahead-chinas-activity-data-at-a-glance/ The week aheadActivity data from China tops the list next week as data on industry, retail and more will be announced. Although the upcoming reports do not account for recent shutdowns, they could be a useful measure of the health of China’s economy ahead of the shutdowns. In addition to China data, we also have […]]]>

The week ahead
Activity data from China tops the list next week as data on industry, retail and more will be announced. Although the upcoming reports do not account for recent shutdowns, they could be a useful measure of the health of China’s economy ahead of the shutdowns. In addition to China data, we also have labor data from Australia and India inflation report. Other data reports in the week ahead are trade data from Indonesia and MPC minutes from Korea, which could inform future rate hike decisions. Finally, Japan is reporting basic machinery orders which are expected to fall amid a slow global recovery.

China to share key economic data
We should continue to see weak growth in Chinese industrial production and weaker growth in investment in fixed assets, as these will be largely dragged down by residential projects. Retail sales could show slightly better growth due to the summer holidays, as this year’s inbound travel showed more activity than last year due to more flexible social distancing measures.

We expect no change in the policy rate on the 1-year medium-term lending facility to 2.75%, as the People’s Bank of China (PBoC) took a wait-and-see approach after cutting the rate last month. Loan growth is expected to jump in August as the central bank cut interest rates and provided advice to banks to increase lending.

Australia Labor Report
The Australian labor market report for August is also expected to be released next week. The Reserve Bank of Australia has made labor market conditions a key factor in its rate-setting behavior, given that official inflation and wage data are only released quarterly. In July there was a drop of 40,900 in total employment, running counter to all the anecdotal evidence of labor shortages in Australia.

We would be looking to replace many of the 86,900 full-time jobs apparently lost in July, and would expect the total median to rise by +30,000 with up to 55,000 jobs possibly added for the month. This could lead to a further decline in the unemployment rate, but we believe the current 3.4% should hold, as employment numbers and the unemployment rate are not directly linked.

Indian inflation could climb to 7% after recent reprieve
Some of the recent moderation in India’s high food price inflation may fade in response to extreme weather and other factors, which could lead to headline inflation rising towards the level 7% year-on-year. But if energy prices remain under pressure in the coming months, this rise in inflation could prove to be short-lived. India also provides industrial production data for July. This is expected to decline sharply from June’s 12.3% year-on-year rate as reopening raises have run their course.

Indonesia Trade Data, BoK Minutes and Japan Machinery Orders
Other data reports in the week ahead include August trade data from Indonesia and we expect recent trends to continue. Exports and imports are expected to remain in expansion mode, but exports are expected to outpace imports again, resulting in a large surplus. The trade surplus could stand at around $4.5 billion, which could support the Indonesian rupiah in the short term.

Meanwhile, the minutes of the Bank of Korea’s Monetary Policy Committee (MPC) meeting in August will be released on Tuesday, revealing members’ views on future rate hike decisions. Korea is also releasing labor data, with the jobless rate expected to climb to 3.0% in August as bad weather hurt construction and some services.

Finally, due to a weak recovery in global demand, major machinery orders in Japan in July are expected to decline and export growth is expected to slow in August.
Source: ING

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Delaware Enhanced Global Dividend and Income Fund Announces Distributions https://angil.org/delaware-enhanced-global-dividend-and-income-fund-announces-distributions/ Tue, 06 Sep 2022 21:27:00 +0000 https://angil.org/delaware-enhanced-global-dividend-and-income-fund-announces-distributions/ PHILADELPHIA CREAM–(BUSINESS WIRE)–Today, Delaware Enhanced Global Dividend and Income Fund (the “Fund”), a closed-end fund listed on the New York Stock Exchange and trading under the symbol “DEX”, declared a monthly distribution of 0, $0519 per share. The monthly distribution is payable on September 30, 2022 to shareholders of record at the close of business […]]]>

PHILADELPHIA CREAM–(BUSINESS WIRE)–Today, Delaware Enhanced Global Dividend and Income Fund (the “Fund”), a closed-end fund listed on the New York Stock Exchange and trading under the symbol “DEX”, declared a monthly distribution of 0, $0519 per share. The monthly distribution is payable on September 30, 2022 to shareholders of record at the close of business on September 23, 2022. The ex-dividend date will be September 22, 2022.

The Fund is a diversified closed-end fund. The primary investment objective of the Fund is to seek current income, with a secondary objective of capital appreciation. Under normal market conditions, the Fund globally invests at least 80% of its assets in a combination of dividend-paying or income-generating securities across multiple asset classes, including but not limited to : equity securities of large, well-established companies; securities issued by real estate companies (including real estate investment trusts and real estate operating companies); debt securities (such as government bonds; high-quality, high-risk, high-yield corporate bonds; and convertible bonds); and emerging market securities. The Fund also employs enhanced income strategies by engaging in dividend capture transactions; option overwrite; and the realization of gains on the sale of securities, dividend growth and forward exchange contracts. There can be no assurance that the Fund will achieve its investment objectives.

Under normal market conditions, the Fund will invest: (1) no more than 60% of its net assets in securities of US issuers; (2) at least 40% of its net assets in securities of non-US issuers, unless market conditions are deemed unfavorable by the Manager, in which case the Fund would invest at least 30% of its net assets in securities of non-US issuers. – US issuers; and (3) up to 25% of its net assets in securities issued by real estate companies (including REITs and real estate operating companies). In addition, the Fund uses leverage techniques with the aim of obtaining a higher return for the Fund.

The Fund has implemented a managed distribution policy. Under the policy, the Fund is managed with the objective of generating as many distributions as possible from net investment income and short-term capital gains. The balance of the distribution will then come from long-term capital gains to the extent permitted and, if applicable, return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the performance of the Fund’s investments and should not be confused with “yield” or “income”. Although the Fund may realize capital gains for the current year, these gains may be offset, in whole or in part, by the Fund’s capital loss carryforwards from previous years.

Under the Fund’s managed distribution policy, the Fund pays monthly distributions to common shareholders at a target annual distribution rate of 7.0% of the Fund’s average net asset value (“NAV”) per share. The Fund will calculate the average net asset value per share for the three full months immediately preceding the distribution based on the number of business days in those three months on which the net asset value is calculated. The distribution will be calculated as 7.0% of the previous three months’ average net asset value per share, divided by 12. The Fund will generally distribute amounts necessary to satisfy the Fund’s managed distribution policy and the requirements prescribed by the rules on excise tax and sub-chapter M of the Internal Revenue Code. This distribution methodology is intended to provide shareholders with a constant, but not guaranteed, stream of income and a target annual distribution rate and is intended to reduce any discount between the market price and the net asset value of the common shares of the Fund, but nothing guarantees that the policy will succeed in doing so. The method of determining monthly distributions under the Fund’s Managed Distribution Policy will be reviewed at least annually by the Board of Trustees of the Fund, and the Fund will continue to assess its distribution in light of market conditions. In progress.

You should not draw any inference about the Fund’s investment performance from the amount of such distribution or the terms of the Fund’s managed distribution policy. The amounts and sources of reportable Fund distributions will be estimates and will not be provided for tax reporting purposes. Actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. The Fund will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.

About Macquarie Asset Management

Macquarie Asset Management is a global asset manager that aims to deliver positive impact to everyone. Recognized by institutions, pension funds, governments and individuals for managing over $534 billion in assets worldwide,1 we provide access to specialist investment expertise across a range of capabilities, including infrastructure, green investments and renewable energy, real estate, agriculture and natural assets, asset finance, private credit, equities, fixed income and multi-asset solutions.

Advisory services are provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust, a registered investment adviser. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, financing, banking, advisory and risk and capital solutions for debt, equities and commodities. Founded in 1969, Macquarie Group employs approximately 18,000 people in 33 markets and is listed on the Australian Securities Exchange. For more information on Macquarie’s Delaware Funds®visit delawarefunds.com or call 800 523-1918.

With the exception of Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie group entity listed herein is not an authorized depository institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or provide any other assurance with respect to the obligations of such other Macquarie group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk, including delays in repayment and loss of income and invested capital and (b) none of Macquarie Bank or any other entity within the Macquarie group does not guarantee any rate of return or return on the investment, nor guarantee the return of capital on the investment.

1 As of March 31, 2022

© 2022 Macquarie Management Holdings, Inc.

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Asset Management Software Market Size 2022, Trends, Growth, Revenue, Demand and Share by Company, Development Strategy, Historical Analysis and Forecast by 2030 https://angil.org/asset-management-software-market-size-2022-trends-growth-revenue-demand-and-share-by-company-development-strategy-historical-analysis-and-forecast-by-2030/ Thu, 01 Sep 2022 13:33:26 +0000 https://angil.org/asset-management-software-market-size-2022-trends-growth-revenue-demand-and-share-by-company-development-strategy-historical-analysis-and-forecast-by-2030/ The global Asset Management Software market size will reach USD 3612.0 Million in 2025, growing at a CAGR of % between 2020-2025. The market research report is compiled by Report Ocean with input from experienced analysts from various fields of industry. The market research report explains the various market determinants along with the extensively studied […]]]>

The global Asset Management Software market size will reach USD 3612.0 Million in 2025, growing at a CAGR of % between 2020-2025. The market research report is compiled by Report Ocean with input from experienced analysts from various fields of industry. The market research report explains the various market determinants along with the extensively studied market size. Market estimation is an important part of the research report, which consists of quantitative analysis from available and analyzed data in the market.

These data pointers help to get information about the behavior of the competitor in the report. The report also covers the market overview from a geographical perspective. For geography-based research, the market report covers all regions and major countries in the world, which shows regional development status, price, value and volume, market size and other data related.

Market forecasts are based on a market model derived from market dynamics, connectivity, and various market-related driving factors, which support market assumptions. These market assumptions are based on facts derived from primary and secondary research.

Request to download an example of this strategic report: –https://reportocean.com/industry-verticals/sample-request?report_id=bis185277

Impact of Covid-19

At the beginning of 2020, the COVID-19 disease began to spread around the world, millions of people around the world were infected with the COVID-19 disease, and major countries around the world implemented foot bans and stop work orders. Except for the medical supplies and life support industries, most of the industries have been heavily impacted, and the fixed asset management software industries have also been heavily impacted.

Definition

Over the past few years, the Fixed Asset Management Software market has grown by $$, the global Fixed Asset Management Software market size reached $2599.8 million in 2020, of which about $2015 million .

From 2015 to 2019, the growth rate of the global fixed assets management software market size was in the range of %. At the end of 2019, COVID-19 began to break out in China, due to the sharp downturn in the global economy; we expect the growth rate of the global economy to show a decline of around 4%, for this reason, the Fixed Asset Management Software market size in 2020 will be 2599.8 with a growth rate of 2%.

As of the report date, there have been over 20 million confirmed cases of CVOID-19 worldwide, and the outbreak has not been effectively controlled. Therefore, we forecast the global epidemic to be essentially controlled by the end of 2020 and the global Asset Management Software market size to reach $3612.0 million in 2025, growing at a CAGR of % by 2020 and 2025.

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This report covers manufacturers’ data, including: shipment, price, revenue, gross profit, service record, trade distribution, etc., these data help the consumer to know the competitors better. This report also covers all regions and countries in the world, which shows regional development status, including market size, volume, and value, as well as price data.

Additionally, the report also covers segment data including: type segment, industry segment, channel segment, etc. cover different segment market sizes, both in volume and value. Also cover customer information from different industries, which is very important for manufacturers.

Manufacturer’s detail, Xero, EZ Web Enterprises, Sage, Intuit, IBM, Infor, Wasp, Tracet, AssetWorks, SIGF, Microsoft, Hardcat, Real Asset Management, SAP, Oracle, Kaizen Software

Regional segmentation

  • North American countries (USA, Canada)
  • South America
  • Asian countries (China, Japan, India, Korea)
  • European countries (Germany, United Kingdom, France, Italy)
  • Other country (Middle East, Africa, GCC)

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Product type segmentation

Industry segmentation

Main advantages of this market study:

  • Sector Drivers, Constraints and Opportunities Covered in the Study
  • Neutral outlook on market performance
  • Recent industry trends and developments
  • Competitive landscape and strategies of key players
  • Potential and Niche Segments and Regions Showing Promising Growth Covered
  • Historical, current and projected market size, in terms of value
  • In-depth analysis of the Exterior Architectural Cladding market
  • Overview of the Regional Outlook of the Exterior Architectural Cladding Market:

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TD Asset Management launches new ETF focused on growing global carbon credit market https://angil.org/td-asset-management-launches-new-etf-focused-on-growing-global-carbon-credit-market/ Tue, 30 Aug 2022 13:30:25 +0000 https://angil.org/td-asset-management-launches-new-etf-focused-on-growing-global-carbon-credit-market/ New TD ETF offers investors exposure to a unique and growing asset class that has a historically low correlation to traditional asset classes TORONTO, August 30, 2022 /CNW/ – Today, TD Asset Management Inc. (TDAM) announced the launch of TD Global Carbon Credit Index ETF (Ticker: “TCBN”), a new low-cost exchange-traded fund (ETF) solution. cost […]]]>

New TD ETF offers investors exposure to a unique and growing asset class that has a historically low correlation to traditional asset classes

TORONTO, August 30, 2022 /CNW/ – Today, TD Asset Management Inc. (TDAM) announced the launch of TD Global Carbon Credit Index ETF (Ticker: “TCBN”), a new low-cost exchange-traded fund (ETF) solution. cost offering investors global exposure to the growing carbon credit market.

“Governments around the world have adopted the practice of pricing greenhouse gas emissions to combat climate change. With this in mind, carbon credits have become an important alternative asset class by putting a price on the and creating a market where companies can trade emissions. That’s why we’re proud to launch the TD Global Carbon Credit Index ETF, which offers investors the opportunity to participate in the energy transition economy through through carbon credits,” said Bruce CooperCEO, TDAM and Senior Vice President, TD Bank Group.

The TD Global Carbon Credits Index ETF seeks to track, to the extent possible and before fees and expenses, the performance of a global carbon credits market index. Currently, TCBN aims to track the Solactive Global Carbon Credit CAD Hedged Index, which measures the return on investment of carbon credits capped and traded globally.

“In addition to participating in the transition from fossil fuels to more sustainable energy sources, we expect positive returns from the carbon credit market as well as additional diversification benefits within a portfolio,” said added Cooper. “This new ETF offers investors a convenient and inexpensive way to participate in a single market that benefits from the rising price of carbon.”

Features of this innovative TD ETF include:

  • Exposure to an attractive growing market: The carbon credit market has seen incredible growth in trading volumes and carbon prices, and is expected to maintain above-average long-term growth
  • Opportunities for diversification and growth: Carbon credits have a historically low correlation to traditional asset classes such as fixed income and equities and offer exposure to the energy transition economy
  • Low cost structure: TCBN’s competitive management fee of 0.65% makes it one of the lowest in North America for this asset class

Additional information about the TD Global Carbon Credits Index ETF, including the prospectus and ETF Facts, is available at www.TDAssetManagement.com. Information on the full lineup of TD ETFs is also available in the TD ETF Resource Centre.

Commissions, management fees and expenses all may be associated with investing in exchange-traded funds (ETFs). Please read the prospectus and ETF Facts before investing. ETFs are not guaranteed, their values ​​change frequently and past performance may not be repeated. ETF shares are bought and sold at market price on the stock exchange and brokerage commissions will reduce returns.

The TD Global Carbon Credit Index ETF (“TD ETF”) is not sponsored, promoted, sold or endorsed in any way by Solactive AG and Solactive AG makes no express or implied warranties or assurances regarding results. use of the Solactive Global Carbon Credit CAD Hedged Index (“Index”) and/or any trademark(s) associated with the Index or the Index price at any time or any other respect. The Index is calculated and published by Solactive AG. Solactive AG does its best to ensure that the index is calculated correctly. Regardless of its obligations to TDAM, Solactive AG has no obligation to report errors in the Index to third parties, including, but not limited to, investors and/or financial intermediaries of the TD ETF. Neither the publication of the Index by Solactive AG nor the licensing of the Index or any trademark associated with the Index for use in connection with the TD ETF constitutes a recommendation by Solactive AG to invest in capital in such TD ETF nor in any way represent an assurance or opinion of Solactive AG with respect to any investment in such TD ETF?

TD ETFs are managed by TD Asset Management Inc., a wholly owned subsidiary of The Toronto-Dominion Bank and are offered through authorized dealers.

®The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.

About TD Asset Management Inc.

TD Asset Management Inc. (“TDAM”), a member of TD Bank Group, is a North American investment management company. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of nearly 2 million retail investors and offers a broadly diversified range of investment solutions, including mutual funds, professionally managed portfolios and corporate class funds. . TD’s asset management businesses manage $398 billion in assets. Aggregate statistics are as of June 30, 2022 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. United States. Both entities are affiliates and wholly owned subsidiaries of The Toronto-Dominion Bank.

SOURCE TD Asset Management Inc.

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Earn Big Like Bill Gates: Earnings in Good and Bad Times https://angil.org/earn-big-like-bill-gates-earnings-in-good-and-bad-times/ Sun, 28 Aug 2022 12:35:00 +0000 https://angil.org/earn-big-like-bill-gates-earnings-in-good-and-bad-times/ Countess Jemal/Getty Images Entertainment Co-produced with “Hidden Opportunities” Is your portfolio chasing growth a little too obsessively? Did you know that investing in stable, slower growing businesses can be predictably rewarding? Dividend stocks are a smart way to diversify your portfolio and add predictability to the equation. After all, these Securities help generate income in […]]]>

Countess Jemal/Getty Images Entertainment

Co-produced with “Hidden Opportunities”

Is your portfolio chasing growth a little too obsessively? Did you know that investing in stable, slower growing businesses can be predictably rewarding? Dividend stocks are a smart way to diversify your portfolio and add predictability to the equation. After all, these Securities help generate income in good times and bad, especially in times of high inflation and fears of recession.

Everyone knows Microsoft (MSFT) co-founder Bill Gates. But did you know that a tech mogul like Bill Gates invests in many dividend-paying stocks? His portfolio followed by Cascade Investments generates more than $135 million annually through dividend payments. Whether that matters enough to Mr. Gates is unknown to us. Still, it is undoubtedly a significant amount of money that is generated without any reduction in the ownership of these shares.

Income through good times and bad is my motto, and while I like the stock picking criteria Cascade has adopted for their dividend picks, my goals are different from those of Mr. Gates. Thus, I pursue similar sectors through a different choice of securities for my portfolio. This article discusses two great dividend-paying stocks I hold in my portfolio for income. With yields of up to 10.8%, these keep me sleeping well at night despite the sentiment in financial spheres. Without further ado, let’s review the income choices.

Choice #1: SLRC, Yield 10.9%

Believe it or not, Bill Gates has invested in several start-up and established pharmaceutical, biotech and life science companies over the years. Additionally, Caterpillar (CAT) and Deere (DE) are important positions in Gates’ portfolio. These companies are the leaders in industrial, construction and agricultural equipment. But did you know that equipment financing contributes significantly to the turnover of these companies?

We are talking SLR investment company (SLRC), a business development corporation (“BDC”) that invests in life science companies through debt financing arrangements. In addition, SLRC also seeks sponsor financing for non-cyclical industries, equipment financing, corporate leasing and other debt investments. Let’s be clear – a BDC like SLRC will never be part of the portfolio of a billionaire like Mr. Gates due to his small market capitalization and the fact that he already has a well-paid team to manage his portfolio. It wouldn’t make sense for him to pay his team to buy SLRC. (Source: SLR investment company)

SLR investment company

SLR investment company

Nonetheless, we believe SLRC mimics the characteristics of Cascade’s dividend portfolio picks and presents a double-digit return opportunity from a quality BDC. In Q2 2022, SLRC reported a net leverage ratio of 0.96x, an increase from the previous quarter, which tells us that BDC is taking advantage of rising rates by increasing leverage. SLRC continues to remain at the lower end of its target leverage range of 0.9x to 1.25x, which means we can expect it to continue to look for more opportunities as rates rise.

Almost 50% of SLRC’s $1 billion debt is senior unsecured fixed rate notes at a weighted average annual interest rate of 3.9%. And 65% of their assets are floating rate investments, making SLR a beneficiary of rising rates. The best part is that 97% of their asset portfolio is made up of senior secured loans, indicating better downside protection during problematic situations such as recessions.

Earlier this year, SLRC completed the acquisition of a smaller BDC – SUNS. This transaction improves the diversification of SLRC’s portfolio between cash lending, non-cyclical sectors and asset-based lending. This allows BDC to continue to increase its leverage, take advantage of rising rates and hedge its distribution. SLRC has maintained a regular distribution since 2013 and recently transitioned to becoming a monthly payer. BDC is currently paying $0.137/share every month, which works out to a healthy 10.9% annualized return.

SLRC is trading at a discount of around 18% to its net asset value. This steep discount prompted management to announce a new buyback program for up to $50 million of BDC’s outstanding shares. This is an overall win, as more net investment income becomes available for a smaller group of stocks, improving the prospects for healthy distribution coverage. SLRC is a BDC focused on recession-resistant sectors and is structurally well positioned for a rising rate environment. Today you have the opportunity to lock in the 10.9% returns of this undervalued BDC.

Pick #2: ATH-C, 6.1% yield

Insurance is a great, long-lasting business; Bill Gates and his pal Warren Buffett know this all too well. Berkshire Hathaway (BRK.A) (BRK.B) is an important component of Mr. Gates’ portfolio, and the company notably derives 27% of its revenue and around 20% of its pre-tax (“EBT”) profit of its insurance companies. No wonder BRK.B looms large in Mr. Gates’ portfolio.

Let me state the obvious – Warren Buffett doesn’t like paying dividends, and he doesn’t need to pay dividends to make BRK.A and BRK.B attractive to shareholders. So I will look elsewhere for my income needs while respecting Buffett and Gates’ eye on the lucrativeness of the insurance business.

Athene Holdings is an insurance company specializing in retirement products. It offers annuities, reinsures annuities and offers other retirement service products. It is a wholly owned subsidiary of Apollo Global Management (APO), one of the largest asset management companies in the world. APO and its subsidiary Athene maintain healthy ‘A’ rated balance sheets. (Source: July 2022 Investor Presentation)

July 2022 Investor Presentation

July 2022 Investor Presentation

Today we are going to discuss one of Athene’s favored titles, Athens Holding Ltd. 6.375% Series C, Non-Cumulative Rate Reset Perpetual Preferred Shares (ATH.PC). ATH-C is a rate reset preferred share. This means that if the stock is not redeemed on its redemption date (30/09/2025), the initial fixed rate will change to 5.97% plus the yield of the 5-year Treasury note at that time. . As Peter Lynch says, no one can predict where interest rates (5-year treasury yields) will be in 2025. However, looking at the current situation, the preferred stock yield will drop from its current coupon of 6.375 % to 8.93%. And if the 5-year note continues to rise, the rate may rise even more as it resets every 5 years (unless Athene exercises its option to call ATH-C on any subsequent reset date of 5 years). Thus, this security is the epitome of preferred stock with strong inflation protection features.

ATH-C is rated BBB by S&P. It is important to note that only a small percentage of corporate preferred stocks are rated as investment grade, indicating that ATH-C is a safe income investment. The good news doesn’t end there. ATH-C’s dividend is qualified, making it eligible for federal income tax reduction depending on your circumstances. This high-quality preference traded at a deserved premium, reaching $29.20 in November 2021.

chart

Yahoo! Finance

Whether inflation roars like a lion or purrs like a cat, it destroys your hard-earned savings in the long run. An adjustable-rate preference like ATH-C provides reliable income and much-needed inflation protection for your portfolio.

The time of dreams

The time of dreams

Conclusion

If your portfolio is flying too close to the sun in search of growth, adding stability to the equation is essential. Dividend stocks provide that much-needed stability by providing income during both bull and bear markets. Billionaires like Bill Gates may not be income investors. Yet, looking at their portfolio, we see sizable dividends coming from cash-flow-rich companies and industry sectors that retain a significant competitive advantage and prioritize shareholder returns.

Unlike Mr. Gates, we focus on current income to fuel a healthy retirement. However, I like Cascade’s portfolio design and stock mix which provides resilience in the face of economic conditions. I follow a similar strategy, but my goals are different, so I pursue it with a slightly different choice of stocks in my portfolio. At HDO, we maintain a diversified portfolio of securities targeting an overall return of +8% to ensure peace of mind for retirees. Two choices with returns of up to 10.9% to enable a happy and healthy retirement.

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Ivrnet Announces Financial Results for the Six Months Ended June 30, 2022 and Provides Halt of Trading Update https://angil.org/ivrnet-announces-financial-results-for-the-six-months-ended-june-30-2022-and-provides-halt-of-trading-update/ Sat, 27 Aug 2022 00:39:00 +0000 https://angil.org/ivrnet-announces-financial-results-for-the-six-months-ended-june-30-2022-and-provides-halt-of-trading-update/ Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. CALGARY, AB/ACCESSWIRE/August 26, 2022/ Ivrnet Inc. (TSXV:IVI) (“Ivrnet“or the”Company“) announces that it has filed its condensed interim consolidated financial statements for the three and six months ended June 30, 2022 (the “Interim Financial Statements”) and accompanying MD&A for the six months ended […]]]>

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CALGARY, AB/ACCESSWIRE/August 26, 2022/ Ivrnet Inc. (TSXV:IVI) (“Ivrnet“or the”Company“) announces that it has filed its condensed interim consolidated financial statements for the three and six months ended June 30, 2022 (the “Interim Financial Statements”) and accompanying MD&A for the six months ended June 30, 2022 (the “interim management report”).

The following Q2 2022 financial highlights should be read in conjunction with the interim financial statements and accompanying interim MD&A, which are available on the Canadian System for Electronic Document Search and Analysis (“SEDAR”) at the address www.sedar.com.

Q2 2022 Financial Highlights

  • The Company has seen continued growth in its recurring fintech revenue. Fixed recurring revenue increased by $5,766 (approx. 7%) to $86,441 in Q2 2022 from $80,675 in Q2 2021 and variable recurring revenue increased by $12,475 (approx.) 21% to $70,667 in Q2 2022 compared to $58,192 in Q2 2021. During the six months ended June 30, 2022, fixed recurring revenue increased by $22,837 (approximately 15%) to $173,082 compared to $150,245 during the six months ended June 30, 2021 and variable recurring revenue increased by $2,549 (approximately 2%) to $125,412 compared to $122,863 for the six months ended June 30, 2021. The overall increase in fintech services revenue is attributable when adding a new customer.
  • Central’s fixed recurring revenue decreased $12,126 (approximately 26%) to $34,284 in Q2 2022 from $46,411 in Q2 2021 and decreased $22,128 (approximately 22%) to s to settle at $80,384 during the six months ended June 30, 2022, compared to $102,512 during the six months ended June 30, 2021. The decrease is mainly due to a new pricing strategy implemented in the first quarter of 2022 for homeowner association customers, which has seen a shift from fixed recurring revenue to variable recurring revenue. Central’s variable recurring revenue increased by $26,684 (approximately 51%) to $78,851 in Q2 2022, compared to $52,167 in Q2 2021, and increased by $50,417 (approximately 50%) to $151,919 in during the six months ended June 30, 2022, compared to $101,502 during the six months ended June 30, 2021. This increase is partly due to the change in homeowners association pricing strategy described above as well as an increase sports registrations during the six months ended June 30, 2022 due to the easing of COVID-19 health guidelines as compared to the six months ended June 30, 2021.
  • Fixed recurring revenue from communications decreased $30,984 (approximately 9%) to $317,673 in Q2 2022 from $348,657 in Q2 2021 and decreased $45,091 (approximately 7%) to amount to $639,851 during the six months ended June 30, 2022, compared to $684,942 during the six months ended June 30, 2021. The decrease in fixed recurring revenue is mainly due to the reduction in fees from existing customers. Variable recurring revenue from Communications increased $10,610 (~8%) to $147,954 in Q2 2022 from $137,344 in Q2 2021 and increased $11,508 (~5%) to $266,152 $ during the six months ended June 30, 2022, compared to $254,644 during the six months ended June 30, 2021. the Company’s toll-free calls and audio conferencing declined. The Company plans to implement a new videoconferencing product to enhance its existing product offering.
  • Total direct costs decreased by $2,716 to $232,111 or approximately 31% of revenue in Q2 2022, compared to $234,827 or approximately 32% of revenue in Q2 2021. Total direct costs increased by $27,699 to $487,512 or approximately 33% of revenue in the six months ended June. as of June 30, 2022 compared to $459,813 or approximately 31% of revenue during the six months ended June 30, 2021. This overall increase is primarily due to an increase in certain variable communication costs related to fixed recurring customer contracts and a increased virtual data center costs for which the Company received partial credit in Q2 2022.
  • Earnings before interest, depreciation and amortization (“EBITDA”) for Q2 2022 was $157,287, compared to a loss of $102,744 for Q2 2021. This represents an increase in EBITDA of $260,031. The increase is primarily the result of lower salaries and wages and general and administrative expenses in Q2 2022 compared to Q2, as well as non-recurring and non-cash items in Q2 2021 that did not recur in Q2 2022 , including stock-based compensation, a loss on settlement of liabilities through the issuance of common shares and an impairment loss on the right-of-use asset. EBITDA was a loss of $244,869 for the six months ended June 30, 2022, compared to a loss of $392,989 for the six months ended June 30, 2021. This represents an increase in EBITDA of $148,120. The increase is primarily the result of non-recurring and non-cash items for the six months ended June 30, 2021 that did not recur during the six months ended June 30, 2022, including stock-based compensation, a loss on settlement of liabilities through the issuance of ordinary shares, an impairment loss on the disposal of property, plant and equipment and an impairment loss on the right-of-use asset which was partially offset by additional expenditure incurred in in connection with the reverse tender offer transaction as well as reimbursable expenses submitted by the commercial lender of approximately $495,000, including sales taxes, related to the expected settlement of the term loan and facility loan with the issuance of preferred shares which is conditional on the completion of the reverse takeover transaction.

Stop trade

Trading in the common shares of the Company is currently halted, and trading in the common shares of the Company is expected to remain halted pending completion of the reverse takeover transaction with Flexity Systems Ltd. previously announced November 19, 2021 and updated March 29, 2022.

About Ivrnet

Ivrnet is a software and communications company that develops, hosts, sells and supports value-added business automation software. The Company’s products and services are provided over the Internet and the traditional telephone network. These applications facilitate automated interaction through personalized communication between people, mass communication to broadcast information to thousands of people simultaneously, and personalized communication between people and automated systems.

For further information: please contact Andrew Watts, President and CEO, Ivrnet Inc.; Office 1400, 350 – 7e Avenue SW, Calgary, Alberta T2P 3N9; Tel/Fax 1.800.351.7227; E-mail: [email protected]; www.ivrnet.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THE SOURCE: Ivrnet inc.

See the source version on accesswire.com:
https://www.accesswire.com/713715/Ivrnet-Announces-Financial-Results-for-Six-Months-Ended-June-30-2022-and-Provides-Update-on-Trading-Halt

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