Richards Packaging Income Fund T.RPI.UN

Alternate Symbol(s): RPKIF

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.

TSX:RPI.UN - Post by User

Richards Packaging Income Fund > 5i Research

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Post by Possibleidiot01on Oct 14, 2023 1:51pm

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Post# 35683756

5i Research

Review of Richard Packaging Income Fund

Oct 10, 2023

RPI.UN is an attractive dividend grower with a decent track record of consistently raising dividends per share over the last ten years. RPI.UN’s revenue has been in decline over the last few years due to oversupply, which is concerning as the situation has not turned around yet. The company is highly sensitive to the general macro environment. Therefore, a strong economy may increase revenue growth again. In the last three years, the distribution per unit has not grown. We are maintaining the rating at “B”, while at the same time remaining open for a future downgrade if its sales growth continues to decline.

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