Quinsam Capital Corp (QCAAF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the second quarter conference call for Quinsom. I'm going to assume that everybody's seen and read the press release, so I'm not going to sort of reiterate what's in the press release. We had an okay second quarter, we made some money, we retired a few more shares, which helps to tighten up the float. Not a great deal of activity on the buy side or the sell side. We have some cash ready to deploy. We have an increasing proportion of assets in the liquid portfolio, which is the goal. And we expect to see some nice moves there in the coming quarter with the expected listing of the Peninsula Capital. So, you know, the third quarter, I would say, is off to a positive, modestly positive start. We've seen some improvements in EDM resources again, in Bluemetric, in Reflex. Reflex has actually had a very nice move. It's not a big position, but it's had a very, very nice move. with nothing in particular on the negative side. So if I were to guess today, I guess we're up another 0.2 or 0.3 cents as of today. But the key factor for Q3 is going to be the listing of Peninsula Capital. It's something we've been in for quite a long time. We have a very low cost base relative to asset value and recent financings. This is the United States single family home rental business. They own a very large portfolio of single family homes, mostly in sort of the US Northwest, Buffalo, Rochester, Cleveland, places like this, the typical kind of former Rust Belt type communities where houses were available very cheaply with very nice rental economics. So that's looking to list. We thought it was going to be August. It looks like maybe it's going to be pushed to September. We expect them to come out with a dividend and an NAV of around $2.00. So the key questio...