Invesco CurrencyShares Canadian Dollar Trust
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
Invesco CurrencyShares®Canadian Dollar Trust
Statements of Financial Condition
March 31, 2024 and December 31, 2023
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Canadian Dollar deposits, interest bearing | $57,776,540 | $77,824,405 |
| Canadian Dollar deposits, non-interest bearing | — | 1,716 |
| Receivable from accrued interest | 143,129 | 182,689 |
| Total Assets | $57,919,669 | $78,008,810 |
| Liabilities | ||
| Canadian Dollar deposits, non-interest bearing, overdrawn | $4,956 | $— |
| Accrued Sponsor’s fee | 20,424 | 26,141 |
| Total Liabilities | 25,380 | 26,141 |
| Commitments and Contingent Liabilities (Note 8) | ||
| Redeemable Capital Shares and Shareholders’ Equity | ||
| Redeemable Capital Shares, at redemption value, no par value, 800,000 and 1,050,000 issued and outstanding, respectively | 57,894,289 | 77,982,669 |
| Shareholders’ Equity: | ||
| Retained Earnings | — | — |
| Total Liabilities, Redeemable Capital Shares and Shareholders’ Equity | $57,919,669 | $78,008,810 |
Statements of Comp rehensive Income
For the Three Months Ended March 31, 2024 and 2023
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Income | ||
| Interest Income | $458,297 | $555,232 |
| Total Income | 458,297 | 555,232 |
| Expenses | ||
| Sponsor’s fee | (65,397) | (97,096) |
| Total Expenses | (65,397) | (97,096) |
| Net Comprehensive Income (Loss) | $392,900 | $458,136 |
| Basic and Diluted Earnings (Loss) per Share | $0.43 | $0.34 |
| Weighted-average Shares Outstanding | 903,297 | 1,359,444 |
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
For the Three Months Ended March 31, 2024
| Retained Earnings · Total Shareholders' Equity · Shares · Redeemable Capital Shares | |||||
|---|---|---|---|---|---|
| Balance at December 31, 2023 | $— | $— | 1,050,000 | $77,982,669 | |
| Purchases of Shares | — | — | — | — | |
| Redemption of Shares | — | — | (250,000) | (18,119,319) | |
| Net Increase (Decrease) due to Share Transactions | — | — | (250,000) | (18,119,319) | |
| Distributions | (416,098) | (416,098) | — | ||
| Net Comprehensive Income (Loss) | 392,900 | 392,900 | — | ||
| Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings | 23,198 | 23,198 | (23,198) | ||
| Adjustment of Redeemable Capital Shares to Redemption Value | — | — | (1,945,863) | ||
| Balance at March 31, 2024 | $— | $— | 800,000 | $57,894,289 | |
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
For the Three Months Ended March 31, 2023
| Retained Earnings · Total Shareholders' Equity · Shares · Redeemable Capital Shares | |||||
|---|---|---|---|---|---|
| Balance at December 31, 2022 | $— | $— | 1,350,000 | $97,493,449 | |
| Purchases of Shares | — | — | 550,000 | 39,596,837 | |
| Redemption of Shares | — | — | (500,000) | (36,255,464) | |
| Net Increase (Decrease) due to Share Transactions | — | — | 50,000 | 3,341,373 | |
| Distributions | (400,427) | (400,427) | — | ||
| Net Comprehensive Income (Loss) | 458,136 | 458,136 | — | ||
| Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings | (57,709) | (57,709) | 57,709 | ||
| Adjustment of Redeemable Capital Shares to Redemption Value | — | — | 377,418 | ||
| Balance at March 31, 2023 | $— | $— | 1,400,000 | $101,269,949 | |
Statements of Cash Flows
For the Three Months Ended March 31, 2024 and 2023
| March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net Comprehensive Income (Loss) | $392,900 | $458,136 |
| Adjustments to reconcile net comprehensive income (loss) to net cash provided by (used in) operating activities: | ||
| Change in operating assets and liabilities: | ||
| Receivable from accrued interest | 39,560 | (51,595) |
| Accrued Sponsor’s fee | (5,717) | 960 |
| Net cash provided by (used in) operating activities | 426,743 | 407,501 |
| Cash flows from financing activities | ||
| Distributions paid to shareholders | (416,098) | (400,427) |
| Proceeds from purchases of redeemable capital Shares | — | 39,596,837 |
| Redemptions of redeemable capital Shares | (18,119,319) | (36,255,464) |
| Increase (decrease) in payable for Canadian Dollar deposits overdrawn | 4,956 | (6) |
| Net cash provided by (used in) financing activities | (18,530,461) | 2,940,940 |
| Effect of exchange rate on cash | (1,945,863) | 377,418 |
| Net change in cash | (20,049,581) | 3,725,859 |
| Cash at beginning of period | 77,826,121 | 97,375,615 |
| Cash at end of period | $57,776,540 | $101,101,474 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.