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Scotia Caribbean Income Fund withstands loss
in value
20210630
The Scotia Caribbean Income Fund Inc withstood a loss in value, ending the year with a Net Asset Value (NAV) of US$146.92 million as at March 31, 2020.
“For the year ended March 31, 2020, the Fund recorded increased interest income of US$7.53 million up from US$7.25 million the prior year,” the audited financial results stated.
“However, this increase in interest income was offset by an unrealised loss of US$8.63 million as at March 31, 2020, compared to an unrealised loss of US$1.54 million as at March 31, 2019,” it stated.