Shares of Canso Credit Income Fund (TSE:PBY.UN) rose 0.2% on Monday . The stock traded as high as C$10.88 and last traded at C$10.88, approximately 1,800 shares were traded during trading. A decline of 80% from the average daily volume of 8,968 shares. The stock had previously closed at C$10.86.

The company has a 50 day moving average of C$11.11 and a two-hundred day moving average of C$11.09.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be given a dividend of $0.0417 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Thursday, August 29th.

In other news, Director Canso Investment Counsel Ltd. bought 4,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average price of C$11.00 per share, for a total transaction of C$44,000.00. Following the transaction, the director now owns 359,252 shares in the company, valued at C$3,951,772. In the last 90 days, insiders acquired 9,800 shares of company stock valued at $107,641.

Canso Credit Income Fund Company Profile (TSE:PBY.UN)

Canso Credit Trust – Canso Credit Income Fund is a closed ended fixed income mutual fund launched by Lysander Funds Limited. The fund is managed by Canso Investment Counsel Ltd. It invests in the fixed income markets of Canada. The fund primarily invests in corporate bonds. It employs fundamental analysis with bottom-up and deep value approach to create its portfolio.

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