December 9, 2022

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Fountain Asset Corp. Announces Its Financial Results for the Quarter Ended September 30, 2022

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TORONTO, Nov. 22, 2022 (GLOBE NEWSWIRE) — Fountain Asset Corp. (TSXV:FA) (“Fountain” or the “Company”) would like to announce its financial results for the three months ended September 30, 2022 (“Q3/22”).

Highlights from the three months ended September 30, 2022:

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  • Adjusted net asset value (“ANAV”) of $17.80 million ($0.29 per share) at September 30, 2022 compared to $17.63 million ($0.28 per share) at June 30, 2022, representing an increase of 3.6% quarter over quarter on a per share basis. ANAV reflects the net asset value plus the amount of available tax loss pools;
  • Net comprehensive income of $0.11 million compared to net comprehensive loss of $0.91 million for three months ended September 30, 2021 (“Q3/21”);
  • Total revenue from investment activity was $0.26 million compared to total revenue loss of…


2022-11-22 17:43:52

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