Invesco CurrencyShares Canadian Dollar Trust Files Q1 2024 Report

TL;DR

<b>Invesco CurrencyShares Canadian Dollar Trust files its Q1 2024 10-Q report, detailing its financial status and operations.</b>

AI Summary

Invesco CurrencyShares Canadian Dollar Trust (FXC) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. The Invesco CurrencyShares Canadian Dollar Trust filed its quarterly report for the period ended March 31, 2024. The Trust is sponsored by Invesco Specialized Products, LLC. Common Units of Beneficial Interest are traded under the symbol FXC on the NYSE Arca. The filing is a Form 10-Q, indicating it's a quarterly report. The registrant's principal executive offices are located in Downers Grove, Illinois.

Why It Matters

For investors and stakeholders tracking Invesco CurrencyShares Canadian Dollar Trust, this filing contains several important signals. This filing provides investors with an update on the Trust's performance and financial health for the first quarter of 2024. As a publicly traded trust, regular SEC filings like this 10-Q are crucial for transparency and investor decision-making regarding the Canadian Dollar Trust.

Risk Assessment

Risk Level: low — Invesco CurrencyShares Canadian Dollar Trust shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative financial disclosures, indicating a low level of immediate risk from this specific filing.

Analyst Insight

Review the detailed financial statements and disclosures within the 10-Q to understand the Trust's performance and asset management for Q1 2024.

Key Numbers

• 2024-03-31 — Quarter End Date (Conformed period of report)
• 2024-05-08 — Filing Date (Date the report was filed)
• 001-32910 — SEC File Number (Commission File Number)

Key Players & Entities

• Invesco CurrencyShares Canadian Dollar Trust (company) — Registrant name
• Invesco Specialized Products, LLC (company) — Sponsor of the Trust
• FXC (company) — Trading Symbol
• NYSE Arca (company) — Exchange where FXC is registered
• March 31, 2024 (date) — Quarterly period end date
• 20240508 (date) — Filing date

FAQ

Industry Context

The Invesco CurrencyShares Canadian Dollar Trust is a financial instrument designed to track the value of the Canadian Dollar relative to the US Dollar.

Regulatory Implications

The Trust operates under the regulations of the U.S. Securities and Exchange Commission (SEC), requiring regular filings such as this Form 10-Q.

What Investors Should Do

1. Analyze the Trust's net asset value and any changes reported in the 10-Q.
2. Review disclosures related to the Trust's holdings and any currency exchange rate performance.
3. Check for any updates on the Trust's sponsor or operational aspects mentioned in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — Marks the end of the reporting period for the 10-Q filing.
• 2024-05-08: Filing Date — Date the Form 10-Q was officially submitted to the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (This filing provides investors with an update on the Trust's financial performance and operations for the specified quarter.)

Common Units of Beneficial Interest

Represents ownership units in the Invesco CurrencyShares Canadian Dollar Trust. (These are the securities traded on the exchange, and their value is tied to the performance of the Canadian Dollar.)

Year-Over-Year Comparison

This is the Q1 2024 10-Q filing, following previous quarterly and annual reports from the Trust.

Filing Documents

• fxc-20240331.htm (10-Q) — 512KB
• fxc-ex31_1.htm (EX-31.1) — 14KB
• fxc-ex31_2.htm (EX-31.2) — 14KB
• fxc-ex32_1.htm (EX-32.1) — 9KB
• fxc-ex32_2.htm (EX-32.2) — 9KB
• img30768413_0.jpg (GRAPHIC) — 203KB
• img30768413_1.jpg (GRAPHIC) — 256KB
• img30768413_2.jpg (GRAPHIC) — 195KB
• 0000950170-24-054968.txt (&nbsp;) — 3359KB
• fxc-20240331.xsd (EX-101.SCH) — 294KB
• fxc-20240331_htm.xml (XML) — 144KB

Financial Statements

Financial Statements 1 Notes to Unaudited Financial Statements 6 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 10 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 13 ITEM 4.

Controls and Procedures

Controls and Procedures 13 PART II. OTHER INFORMATION 14 Item 1.

Legal Proceedings

Legal Proceedings 14 Item 1A.

Risk Factors

Risk Factors 14 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3. Defaults Upon Senior Securities 14 Item 4. Mine Safety Disclosures 14 Item 5. Other Information 14 Item 6. Exhibits 15

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. Invesco CurrencyShares Canadian Dollar Trust March 31, 2024 and December 31, 2023 (Unaudited) March 31, 2024 December 31, 2023 Assets Canadian Dollar deposits, interest bearing $ 57,776,540 $ 77,824,405 Canadian Dollar deposits, non-interest bearing — 1,716 Receivable from accrued interest 143,129 182,689 Total Assets $ 57,919,669 $ 78,008,810 Liabilities Canadian Dollar deposits, non-interest bearing, overdrawn $ 4,956 $ — Accrued Sponsor's fee 20,424 26,141 Total Liabilities 25,380 26,141 Commitments and Contingent Liabilities (Note 8) Redeemable Capital Shares and Shareholders' Equity Redeemable Capital Shares, at redemption value, no par value, 800,000 and 1,050,000 issued and outstanding, respectively 57,894,289 77,982,669 Shareholders' Equity: Retained Earnings — — Total Liabilities, Redeemable Capital Shares and Shareholders' Equity $ 57,919,669 $ 78,008,810 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 1 Invesco CurrencyShares Canadian Dollar Trust For the Three Months Ended March 31, 2024 and 2023 (Unaudited) Three Months Ended March 31, 2024 2023 Income Interest Income $ 458,297 $ 555,232 Total Income 458,297 555,232 Expenses Sponsor's fee ( 65,397 ) ( 97,096 ) Total Expenses ( 65,397 ) ( 97,096 ) Net Comprehensive Income (Loss) $ 392,900 $ 458,136 Basic and Diluted Earnings (Loss) per Share $ 0.43 $ 0.34 Weighted-average Shares Outstanding 903,297 1,359,444 See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements. 2 Invesco CurrencyShares Canadian Dollar Trust For the Th

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Cautionary Statement Regarding Forward-Looking Information This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "outlook" and "estimate" and other similar words. Forward-looking statements are based upon our current expectations and beliefs concerning future developments and their potential effects on us. Such forward-looking statements are not guarantees of future performance. Various factors may cause our actual results to differ materially from those expressed in our forward-looking statements. These factors include fluctuations in the price of the Canadian Dollar, as the value of the Shares relates directly to the value of the Canadian Dollars held by the Trust and price fluctuations could materially adversely affect an investment in the Shares. Readers are urged to review the "Risk Factors" section contained in the Trust's most recent annual report on Form 10-K for a description of other risks and uncertainties that may affect an investment in the Shares. Neither Invesco Specialized Products, LLC (the "Sponsor") nor any other person assumes responsibility for the accuracy or completeness of forward-looking statements contained in this report. The forward-looking statements are made as of the date of this report, and will not be revised or updated to reflect actual results or changes in the Sponsor's expectations or predictions. Overview/Introduction The Invesco CurrencyShares Canadian Dollar Trust (the "Trust") is a grantor trust that was formed on June 8, 2006. The Shares began trading on the New York Stock Exchange under the ticker symbol "FXC" on June 26, 2006. The primary listing of the Shares was transferred to NYSE Arca, Inc. ("NYSE Arca") on October 30, 2007. T

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