Bullboard - Stock Discussion Forum 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... see more

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TSX:RPI.UN - Post Discussion

Richards Packaging Income Fund > Insider Buying - CFO Accumulates units in the Fund

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Post by lotus1 on Jan 12, 2021 9:18am

Insider Buying - CFO Accumulates units in the Fund

Richards Packaging Income Fund

On Dec. 29-30, chief financial officer Enzio Di Gennaro invested over $101,000 in units of the Fund. He purchased a total of 1,355 units at an average cost per unit of roughly $74.816 for several accounts.

The Fund pays its unitholders a monthly distribution of 11 cents per unit, or $1.32 per unit yearly, equating to a current annualized yield of 1.8 per cent. The monthly distribution has been maintained at 11 cents per unit since early 2017.

In the third-quarter, the cash flow payout ratio stood at 22 per cent.

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