Dividends
As one of its holdings, Cymbria owns 279,585 shares of EdgePoint Wealth Management Inc. representing 3.70% of Cymbria’s total value as of December 31, 2011.
The following table shows the dividends received by Cymbria from EdgePoint, as well as EdgePoint’s growth in value.
|
Dividend amount |
Total dividend received to date |
Total value |
| December 30, 2009 |
$20,619 |
$20,619 |
$3,371,460 |
| December 07, 2010 |
$1,061,644 |
$1,082,263 |
$8,917,671 |
| September 08, 2011 |
|
$1,501,221 |
$8,917,671 |
| December 20, 2011 |
|
$2,338,830 |
$11,658,387 |
EdgePoint's dividend policy
As of December 2011, EdgePoint will pay out a dividend semi-annually.
Dividends received from EdgePoint are reinvested in Cymbria’s investment holdings.
EdgePoint’s growth in value as at December 31, 2011
Cymbria's original investment in EdgePoint was $509,585, which has grown to $11,658,387. In addition to this growth, to date Cymbria has received $2,338,830 in dividends from EdgePoint for a total contribution of $13,997,217.
EdgePoint’s growth has been a meaningful contributor to Cymbria’s return. Since inception, Cymbria's Class A share net asset value has increased by 32.10%.