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Queen's Road Capital Investment Ltd. (BRSGF) is a leading financier in the global resource sector, focusing on investments in privately held and publicly traded companies. The company acquires and holds securities for long-term capital appreciation, with a particular interest in convertible debt securities and resource projects in advanced development or production. Queen's Road Capital is known for its strategic partnerships, dividend payments, and commitment to investing in politically safe jurisdictions.
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Queen's Road Capital Investment Ltd. (TSX: QRC) announces the completion of the sale of all shares by Wyloo Metals Pty Ltd. to non-Canadian investors, showing a shift in ownership. The company expresses gratitude to existing shareholders and welcomes new investors.
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Queen's Road Capital Investment Ltd. (TSX: QRC) has announced that Wyloo Metals Pty Ltd. has entered into binding agreements with a group of non-Canadian investors to purchase 100% of the QRC shares owned by Wyloo. The sale will eliminate the significant overhang on QRC shares and is expected to close in the next two weeks.
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Queen's Road Capital Investment Ltd. (TSX: QRC) is investing US$30 million in a Gold Royalty convertible debenture with a 5-year term, carrying a 10.0% coupon, and convertible into Gold Royalty common shares at a 30% premium. The investment will fund Gold Royalty's acquisition of a 2.0% NSR on the Borborema gold project in Brazil and a royalty-convertible gold-linked loan to Aura Minerals Inc. The investment will increase QRC's convertible debenture portfolio to US$179 million, generating an average 9.2% coupon with record annual interest income of US$16.4 million, supporting future dividend payments to shareholders.
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Queen's Road Capital Investment Ltd. (TSX: QRC) announces the approval of the continuation of its normal course issuer bid for a further 12 months. The Company intends to purchase up to 17,600,000 common shares, representing approximately 4% of its outstanding shares. The purchases will be made through the facilities of the TSX and alternative trading systems in Canada. The 2023 NCIB aims to repurchase shares when the market price may not fully reflect the underlying value of the Company's business and future prospects. The period for purchases will commence on November 22, 2023, and end on November 21, 2024, subject to market conditions.
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Queen's Road Capital Investment Ltd. declares annual dividend of C$0.019/share, reflecting a one-year increase of 12% and a two-year increase of 27%.
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Queen's Road Capital Investment Ltd. (TSX: QRC) will invest US$70,000,000 in a new NexGen convertible debenture. The interest is payable 6.0% in cash and 3.0% in shares. QRC will also sell 8,700,000 common shares for US$5.20 per share. This investment marks QRC's largest single investment to-date and the first exit of a significant investment. QRC's convertible debenture portfolio will reach US$149 million, generating over US$13 million in annual interest income.
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FAQ
What is the current stock price of QUEENS RD CAP INVT (BRSGF)?
The current stock price of QUEENS RD CAP INVT (BRSGF) is $0.59 as of August 5, 2024.
What is the market cap of QUEENS RD CAP INVT (BRSGF)?
The market cap of QUEENS RD CAP INVT (BRSGF) is approximately 310.1M.
What is Queen's Road Capital Investment Ltd. (BRSGF) known for?
Queen's Road Capital is known for being a leading financier in the global resource sector, with a focus on investments in convertible debt securities and resource projects.
What is the core business of Queen's Road Capital Investment Ltd.?
The core business of Queen's Road Capital is acquiring and holding securities for long-term capital appreciation, particularly in advanced development or production resource projects.
What kind of companies does Queen's Road Capital Investment Ltd. invest in?
Queen's Road Capital invests in both privately held and publicly traded companies within the resource sector.
What sets Queen's Road Capital Investment Ltd. apart from other investment companies?
Queen's Road Capital is distinguished by its dividend payments, strategic partnerships, and commitment to investing in politically safe jurisdictions.
How does Queen's Road Capital Investment Ltd. approach investments?
Queen's Road Capital focuses on long-term capital appreciation, with a particular interest in convertible debt securities and resource projects in advanced development or production.
Where can I find more information about Queen's Road Capital Investment Ltd.?
For further information, visit the company's website at www.queensrdcapital.com or contact by email at info@queensrdcapital.com or phone at +852 2759 2022.
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