Richards Packaging Income Fund RPKIF

Primary Symbol: T.RPI.UN

Consumer Cyclical Packaging & Containers

Richards Packaging Income Fund (the Fund) is a Canada-based company. The Fund owns Richards Packaging Inc. (Richards Packaging), which serves a range of customer bases throughout North America comprised of approximately 17,000 regional food, beverage, cosmetics, healthcare, and other enterprises. Richards Packaging specializes in the design, manufacture, and distribution of packaging solutions in both glass and plastic containers and closures for a variety of markets. The Company's services consist of global sourcing, inventory management, manufacturing, and packaging 101. The Company also operates other divisions, which includes Clarion Medical Technologies, Dispill, Dosipill International, and Healthmark. Under RICHARDS Pharma Solutions, it offers personal protective equipment (PPE)/specialty, laboratory, and automation solutions as well as products, such as vials, bottles, and ointment and lotion.

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Richards Packaging Income Fund

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Post by lotus1on Oct 31, 2021 10:29am

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Post# 34070354

NCIB Purchases

Excerpts from MD&A

October 28, 2021

Normal Course Issuer Bid

On March 14, 2021, the Fund renewed the normal course issuer bid to purchase up to 500,000 Units prior to March 13, 2022. As of September 30th, 47,400 Units have been purchased at an average price of $64.11 per Unit.

Financial highlights for the nine months:

Free cash flow of $24.0 mil. was utilized to purchase $3.0 mil. of units for cancellation, repay $1.0 mil. term debt, release $9.1 mil. of the Clarion holdback and fund working capital.

Distributable cash flow $1.08 per Unit, resulted in a 32% payout ratio

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