Tier One Capital Limited Partnership Announces Unaudited Earnings Results for the Three Months and Six-Month Periods Ended June 30, 2017
August 28, 2017
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Tier One Capital Limited Partnership announced unaudited earnings results for the three months and six-month periods ended June 30, 2017. For the three months, the company reported net gain on investments at fair value through profit and loss of $669,719 against $567,944 a year ago. Net income before general partner priority profit allocation was $379,893 against $77,757 a year ago. Net and comprehensive income was $132,059 against net and comprehensive loss was $204,477 a year ago. Net income per unit attributable to limited partners per limited partnership unit was $0.00 against $0.12 a year ago. Net income per unit attributable to the general partner per limited partnership unit was $0.03 against $0.07 a year ago.
For the six months, the company reported net gain on investments at fair value through profit and loss of $1,947,681 against $1,956,676 a year ago. Net income before general partner priority profit allocation was $1,424,072 against $1,203,019 a year ago. Net and comprehensive income was $928,956 against $657,335 a year ago. Net income per unit attributable to limited partners per limited partnership unit was $0.19 against $0.02 a year ago. Net income per unit attributable to the general partner per limited partnership unit was $0.06 against $0.16 a year ago. Cash flow from operating activities was $1,408,169 compared to $4,819,246 a year ago.
Tier One Capital Limited Partnership (the Limited Partnership) is a Canada-based specialty finance limited partnership. The Limited Partnership's investment objective is to provide a return on investment for limited partners and provide regular cash distributions. The General Partner (T1 General Partner LP) intends to make regular distributions, which would be assessed on a quarterly basis, to the limited partners, having regard to the income received or anticipated to be received from the portfolio investments held by the Limited Partnership as well as the fees, expenses and other obligations of the Limited Partnership. The business of the Limited Partnership is to make debt and equity-related investments primarily in Canadian companies, focusing on companies in the expansion phase of development in mid to late stages. The Limited Partnership has venture investments in various industries, including media technology, security software and services, and other technology and financial.
TIER ONE CAPITAL LIMITED PARTNERSHIP 
