Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended September 30, 2024 and Appoints Chief Investment Officer

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[{"type":"text","content":"Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended September 30, 2024 and Appoints Chief Investment OfficerTORONTO, ON / ACCESSWIRE / October 22, 2024 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the period ended September 30, 2024. All financial information provided in this press release is unaudited and all figures are in $'000 except per share amounts and shares outstanding.Unaudited financial results for the period ended September 30, 2024The following information should be read in conjunction with our annual audited Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards (\"IFRS\") and our annual Management Discussion and Analysis for the year ended December 31, 2023, which can be found on SEDAR+ at www.sedarplus.ca.Selected Financial Information As at September 30, 2024 As at December 31, 2023 Total assets $60,700 $45,749 Total liabilities 361 377 Book Value 60,339 45,372 Shares outstanding 9,387,000 9,387,000 Book Value per share (BVPS) $6.43 $4.83 Shares Outstanding Equity Book Value per share (BVPS) 1 Quarterly Expenses Expenses as a percentage of BV 1 $000's $ $000's % Sep-30-24 9,387,000 60,339 6.43 178 0.3 Jun-30-24 9,387,000 55,515 5.91 159 0.3 Mar-31-24 9,387,000 56,485 6.02 179 0.3 Dec-31-23 9,387,000 45,372 4.83 148 0.3 Sep-30-23 9,387,000 41,399 4.41 190 0.5 Jun-30-23 9,387,000 42,111 4.49 260 0.6 Mar-31-23 9,387,000 39,056 4.16 283 0.7 Dec-31-22 9,387,000 39,619 4.22 275 0.7 1 Refer to \"Use of Non-IFRS Financial Measures\"Shares Outstanding and Equity amounts are as at the Quarter End date. Expense amounts are for the Three months ending the Quarter End dateAs at September 30, 2024, Pinetree's equity was $60,339 which compares to $45,372 as at December 31, 2023. This resulted in Pinetree's BVPS increasing from $4.83 as at December 31, 2023 to $6.43 as at September 30, 2024. The change represents an increase of $1.60 or 33%.As at September 30, 2024, the Company held investments at fair value totaling $56,714, which represented 94% of book value. This compares to investments at fair value of $38,428 representing 85% of book value as at December 31, 2023.Expenses for the twelve months ended September 30, 2024 were $664 which corresponds to 1.1% of book value as at Septem...

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