With 2022 coming to a close, we wanted to look back at some of this year's top stories and highlights.
Invico Diversified Income Fund Wins at 2022 Canadian Hedge Fund Awards
Invico Diversified Income Fund (“IDIF”) was the recipient of three awards at the 2022 Canadian Hedge Fund Awards, including first place in the Best 1-Year Return, Private Debt category. These accolades mark the seventh Hedge Fund Award issued to IDIF since 2019 and cap off a record year of performance. Read a full recap of the awards gala and see what our Portfolio Manager, Allison Taylor, had to say.
IDIF Announces Three Additional Distributions
After a year of positive performance, IDIF was pleased to announce three additional distributions to unitholders of record as at the end of Q1, Q2, and Q3 2022. The announcements were driven by a combination of high commodity prices and substantial deployment in private debt opportunities, which helped deliver incremental returns above targeted rates. See what our Portfolio Manager, Chris Wutzke, had to say in our most recent notice.
IDIF Acquires US$32 Million of Energy Assets
In June, IDIF announced it had closed a non-operated working interest deal worth US$32 million in North Dakota’s Williston Basin, marking the largest energy transaction ever completed in fund history. The assets were purchased from a leading operator and were expected to add 730 boe/d net revenue production, effectively doubling IDIF’s U.S.-based production. Read our full press release and see what Portfolio Manager, Jason Brooks, had to say.
Invico Celebrates Major Milestones
Invico Capital Corporation and IDIF surpassed several significant milestones in 2022, starting with IDIF’s 100th consecutive distribution in March – a track record that currently remains intact. Next came two milestones in September: Invico celebrated its 17th anniversary, and IDIF, its 9th year of fund operations. These achievements speak to the firm and fund’s ability to withstand challenging market conditions and continue to deliver a powerful solution for investors.
Invico Gives Back to Local & National Causes
Invico has always been committed to giving back by investing in our local and national communities, and this year was no different. We were pleased to support various causes, including Canadian Olympians and Paralympians, Muscular Dystrophy Canada, Vancouver Island Crisis Society, Diabetes Canada, Olympia Charitable Foundation, University of Calgary’s Haskayne School of Business, and a local K-12 institution in Calgary. Invico also rolled out a charitable matching program for its staff, which you can learn more about here.