Investors





Financial Information

 

Monthly Net Asset Value Per Share (Basic) - Unaudited (See Use of Non-GAAP Measures):

2015

January 31, 2015 N/A
February 28, 2015 N/A
March 31, 2015 $0.22
April 30, 2015 $0.20
May 31, 2015 $0.18
June 30, 2015 $0.20
July  31, 2015 $0.16

 

2014

January 31, 2014 $0.80
February 28, 2014 $0.92
March 31, 2014 $0.85
April 30, 2014 $0.83
May 31, 2014 $.073
June 30, 2014 $0.78
July 31, 2014 $0.68
August 31, 2014 $0.70
September 30, 2014 $0.63
October 31, 2014 $0.47
November 30, 2014 $0.46
December 31, 2014 $0.25

2013

January 31, 2013 $1.47
February 28, 2013 $1.28
March 31, 2013 $1.20
April 30, 2013 $1.00
May 31, 2013 $0.95
June 30, 2013 $0.76
July 31, 2013 $0.79
August 31, 2013 $0.91
September 30, 2013 $0.85
October 31, 2013 $0.77
November 30, 2013 $0.70
December 31, 2013 $0.65

2012

January 31, 2012 $3.08
February 29, 2012 $3.06
March 31, 2012 $2.58
April 30, 2012 $2.38
May 31, 2012 $1.96
June 30, 2012 $1.74
July 31, 2012 $1.65
August 31, 2012 $1.74
September 30, 2012 $1.91
October 31, 2012 $1.71
November 30, 2012 $1.56
December 31, 2012 $1.55

2011

January 31, 2011 $4.68
February 28. 2011 $4.74
March 31, 2011 $4.66
April 30, 2011 $4.69
May 31, 2011 $4.30
June 30, 2011 $3.63
July 31, 2011 $3.76
August 31, 2011 $3.48
September 30, 2011 $2.64
October 31, 2011 $3.05
November 30, 2011 $2.77
December 31, 2011 $2.61

 

Use of Non-GAAP Measures

This website contains references to “net asset value per share” (basic and diluted) (“NAV”) which is a non-GAAP measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date.  NAV (diluted) is calculated as total assets less total liabilities divided by the total number of common shares of the Company outstanding as at a specific date, calculated based upon the assumption that all outstanding securities of the Company that are convertible into or exercisable for common shares have been converted or exercised.  The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies.  There is no comparable GAAP measure presented in Pinetree’s consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company has calculated NAV consistently for many years and believes that the measure provides information useful to its shareholders in understanding our performance, and may assist in the evaluation of the Company’s business relative to that of its peers.

MD&A

Financial Statements

2015
2015 Q2 Management Discussion & Analysis 2015 Q2 Report
2014
2013
2012
2011
©Copyright 2012 Pinetree Capital Ltd.