Richards Packaging Income Fund RPKIF

revisiting rpi.un

[rational]

I owned/followed rpi years ago. I missed the covid/acquisition boom, but I recently read their agm presentation and last quarterly.

I see that their market diversification has significantly changed (leaning toward medical), and I noted that they are claiming major headwinds in food & beverage related to industry inventory excesses.

Beyond that, I see that debt is low, and, although, cash flow and earnings have declined, payout ratio is still well covered.

So why does it continue to trend down? Is this an industry trend or is there something concerning about rpi specifally?

thanks in advance