Canso Credit Trust – Canso Credit Income Fund (TSE:PBY.UN) Stock Crosses Below 50-Day Moving Average of $14.91

Canso Credit Trust – Canso Credit Income Fund (TSE:PBY.UN) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$14.91 and traded as low as C$14.90. Canso Credit Trust – Canso Credit Income Fund shares last traded at C$14.90, with a volume of 3,942 shares trading hands.

Canso Credit Trust – Canso Credit Income Fund Stock Performance

The business has a 50 day simple moving average of C$14.91 and a 200-day simple moving average of C$14.55.

Canso Credit Trust – Canso Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 10th 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 3.36%. The ex-dividend date is Monday, April 29th.

Canso Credit Trust – Canso Credit Income Fund Company Profile

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.