Company Quick10K Filing
Invesco DB Precious Metals Fund
Price41.70 EPS4
Shares3 P/E10
MCap133 P/FCF-18
Net Debt-0 EBIT13
TEV133 TEV/EBIT10
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-06-30 Filed 2020-08-07
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-08
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-28
S-1 2018-11-15 Public Filing
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-10
10-Q 2015-03-31 Filed 2015-05-11
10-K 2014-12-31 Filed 2015-03-06
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-03-04
10-Q 2013-09-30 Filed 2013-11-05
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-03
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-14
10-K 2011-12-31 Filed 2012-03-14
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-14
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-08
8-K 2020-04-02
8-K 2019-10-01
8-K 2019-05-07
8-K 2018-08-27
8-K 2018-06-04
8-K 2018-05-24
8-K 2018-03-08

DBP 10Q Quarterly Report

Part I. Financial Information
Item 1. Financial Statements.
Note 1 - Organization
Note 2 - Summary of Significant Accounting Policies
Note 3 - Financial Instrument Risk
Note 4 - Service Providers and Related Party Agreements
Note 5 - Deposits with Commodity Broker and Custodian
Note 6 - Additional Valuation Information
Note 7 - Derivative Instruments
Note 8 - Investments in Affiliates
Note 9 - Share Purchases and Redemptions
Note 10 - Commitments and Contingencies
Note 11 - Financial Highlights
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II. Other Information
Item 1. Legal Proceedings.
Item 1A. Risk Factors.
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.
Item 3. Defaults Upon Senior Securities.
Item 4. Mine Safety Disclosures.
Item 5. Other Information.
Item 6. Exhibits.
EX-31.1 dbp-ex311_6.htm
EX-31.2 dbp-ex312_9.htm
EX-32.1 dbp-ex321_8.htm
EX-32.2 dbp-ex322_7.htm

Invesco DB Precious Metals Fund Earnings 2020-06-30

Balance SheetIncome StatementCash Flow

dbp-10q_20200630.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2020

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number:                    001-33244

 

INVESCO DB PRECIOUS METALS FUND

(A Series of Invesco DB Multi-Sector Commodity Trust)

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

87-0778065

(State or Other Jurisdiction of

Incorporation or Organization)

 

(I.R.S. Employer

Identification No.)

 

 

 

c/o Invesco Capital Management LLC

3500 Lacey Road, Suite 700

Downers Grove, Illinois

 

60515

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (800983-0903

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Units of Beneficial Interest

DBP

NYSE Arca, Inc.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated Filer

Accelerated Filer

 

 

 

 

Non-Accelerated Filer

 

Smaller reporting company

 

 

 

 

 

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.              

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No 

Indicate the number of outstanding Shares as of June 30, 2020: 3,000,000


INVESCO DB PRECIOUS METALS FUND

(A SERIES OF INVESCO DB MULTI-SECTOR COMMODITY TRUST)

QUARTER ENDED JUNE 30, 2020

TABLE OF CONTENTS

 

 

 

 

 

Page

PART I.

FINANCIAL INFORMATION

1

 

 

 

ITEM 1.

Financial Statements

1

 

Notes to Unaudited Financial Statements

10

ITEM 2.

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

20

ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

29

ITEM 4.

Controls and Procedures

30

 

 

 

PART II.

OTHER INFORMATION

32

 

 

 

Item 1.

Legal Proceedings

32

Item 1A.

Risk Factors

32

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

33

Item 3.

Defaults Upon Senior Securities

34

Item 4.

Mine Safety Disclosures

34

Item 5.

Other Information

34

Item 6.

Exhibits

34

 

 

SIGNATURES

35

 

 

 


PART I. FINANCIAL INFORMATION

ITEM  1.

FINANCIAL STATEMENTS.

Invesco DB Precious Metals Fund

Statements of Financial Condition

June 30, 2020 and December 31, 2019

(Unaudited)

 

 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Assets

 

 

 

 

 

 

 

 

United States Treasury Obligations, at value (cost $77,990,021 and $77,722,522,

   respectively)

 

$

77,990,291

 

 

$

77,740,351

 

Affiliated investments, at value (cost $63,725,049 and $63,714,072, respectively)

 

 

63,695,574

 

 

 

63,714,072

 

Other investments:

 

 

 

 

 

 

 

 

Variation margin receivable- Commodity Futures Contracts

 

 

2,107,540

 

 

 

205,850

 

Cash held by custodian

 

 

 

 

 

129,560

 

Receivable for:

 

 

 

 

 

 

 

 

Dividends from affiliates

 

 

5,004

 

 

 

39,537

 

Total assets

 

$

143,798,409

 

 

$

141,829,370

 

Liabilities

 

 

 

 

 

 

 

 

Payable for:

 

 

 

 

 

 

 

 

Management fees

 

 

74,887

 

 

 

88,249

 

Brokerage commissions and fees

 

 

5,001

 

 

 

4,729

 

Total liabilities

 

 

79,888

 

 

 

92,978

 

Commitments and Contingencies (Note 10)

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

Shareholder's equity—General Shares

 

 

1,916

 

 

 

1,668

 

Shareholders' equity—Shares

 

 

143,716,605

 

 

 

141,734,724

 

Total shareholders' equity

 

 

143,718,521

 

 

 

141,736,392

 

Total liabilities and equity

 

$

143,798,409

 

 

$

141,829,370

 

General Shares outstanding

 

 

40

 

 

 

40

 

Shares outstanding

 

 

3,000,000

 

 

 

3,400,000

 

 

 

 

 

 

 

 

 

 

Net asset value per share

 

$

47.91

 

 

$

41.69

 

Market value per share

 

$

47.83

 

 

$

41.61

 

 

 

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.

 

 

1


Invesco DB Precious Metals Fund

Schedule of Investments

June 30, 2020

(Unaudited)

 

Description

 

Percentage of

Shareholders'

Equity

 

 

Value

 

 

Principal Value

 

United States Treasury Obligations (a)

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury Bills, 0.105% due July 2, 2020

 

 

24.35

%

 

$

34,999,920

 

 

$

35,000,000

 

U.S. Treasury Bills, 0.130% due August 13, 2020% (b)

 

 

6.96

 

 

 

9,998,507

 

 

 

10,000,000

 

U.S. Treasury Bills, 0.170% due September 10, 2020  (b)

 

 

22.96

 

 

 

32,991,864

 

 

 

33,000,000

 

Total United States Treasury Obligations (cost $77,990,021)

 

 

54.27

%

 

$

77,990,291

 

 

 

 

 

Affiliated Investments

 

 

 

 

 

 

 

 

 

Shares

 

Exchange-Traded Fund

 

 

 

 

 

 

 

 

 

 

 

 

      Invesco Treasury Collateral ETF (cost $17,486,475) (c)

 

 

12.15

%

 

$

17,457,000

 

 

 

165,000

 

Money Market Mutual Fund

 

 

 

 

 

 

 

 

 

 

 

 

Invesco Premier U.S. Government Money Portfolio, Institutional

     Class, 0.08% (cost $46,238,574)(c)(d)

 

 

32.17

%

 

$

46,238,574

 

 

 

46,238,574

 

Total Affiliated Investments (cost $63,725,049)

 

 

44.32

%

 

$

63,695,574

 

 

 

 

 

Total Investments in Securities (cost $141,715,070)

 

 

98.59

%

 

$

141,685,865

 

 

 

 

 

 

(a)

Security may be traded on a discount basis. The interest rate shown represents the discount rate at the most recent auction date of the security prior to period end.

(b)

United States Treasury Obligations of $34,990,500 are on deposit with the Commodity Broker and held as maintenance margin for open futures contracts.

(c)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. See Note 8.

(d)

The rate shown is the 7-day SEC standardized yield as of June 30, 2020.

 

Open Commodity Futures Contracts

 

Number of Contracts

 

 

Expiration Date

 

Notional

Value

 

 

Value(e)

 

 

Unrealized Appreciation (Depreciation)(e)

 

 

Long Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMEX Gold

 

 

642

 

 

February-2021

 

$

117,325,500

 

 

$

14,985,565

 

 

$

14,985,565

 

 

COMEX Silver

 

 

278

 

 

May-2021

 

 

26,462,820

 

 

 

5,257,527

 

 

 

5,257,527

 

 

Total Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

$

20,243,092

 

 

$

20,243,092

 

 

 

(e)

Unrealized Appreciation (Depreciation) and Value are presented above, net by contract.

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.

2


Invesco DB Precious Metals Fund

Schedule of Investments

December 31, 2019

(Unaudited)

 

Description

 

Percentage of

Shareholders'

Equity

 

 

Value

 

 

Principal Value

 

United States Treasury Obligations (a)

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury Bills, 1.520% due February 6, 2020

 

 

4.23

%

 

$

5,991,337

 

 

$

6,000,000

 

U.S. Treasury Bills, 1.560% due March 5, 2020

 

 

14.78

 

 

 

20,944,967

 

 

 

21,000,000

 

U.S. Treasury Bills, 1.520% due April 2, 2020 (b)

 

 

35.84

 

 

 

50,804,047

 

 

 

51,000,000

 

Total United States Treasury Obligations (cost $77,722,522)

 

 

54.85

%

 

$

77,740,351

 

 

 

 

 

Affiliated Investments

 

 

 

 

 

 

 

 

 

Shares

 

Money Market Mutual Fund

 

 

 

 

 

 

 

 

 

 

 

 

Invesco Premier U.S. Government Money Portfolio, Institutional

   Class, 1.47% (cost $63,714,072) (c)(d)

 

 

44.95

%

 

$

63,714,072

 

 

 

63,714,072

 

Total Investments in Securities (cost $141,436,594)

 

 

99.80

%

 

$

141,454,423

 

 

 

 

 

 

(a)

Security may be traded on a discount basis. The interest rate shown represents the discount rate at the most recent auction date of the security prior to period end.

(b)

United States Treasury Obligations of $20,918,100 are on deposit with the Commodity Broker and held as maintenance margin for open futures contracts.

(c)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. See Note 8.

(d)

The rate shown is the 7-day SEC standardized yield as of December 31, 2019.

 

Open Commodity Futures Contracts

 

Number of Contracts

 

 

Expiration Date

 

Notional

Value

 

 

Value(e)

 

 

Unrealized Appreciation (Depreciation)(e)

 

 

Long Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMEX Gold

 

 

741

 

 

February-2020

 

$

112,861,710

 

 

$

11,493,134

 

 

$

11,493,134

 

 

COMEX Silver

 

 

319

 

 

May-2020

 

 

28,724,355

 

 

 

3,114,481

 

 

 

3,114,481

 

 

Total Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

$

14,607,615

 

 

$

14,607,615

 

 

 

(e)

Unrealized Appreciation (Depreciation) and Value are presented above, net by contract.

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.

 

 

3


Invesco DB Precious Metals Fund

Statements of Income and Expenses

For the Three and Six Months Ended June 30, 2020 and 2019

(Unaudited)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Income

 

$

30,717

 

 

$

610,580

 

 

$

335,167

 

 

$

1,351,649

 

Dividends from Affiliates

 

 

54,103

 

 

 

32,731

 

 

 

260,504

 

 

 

75,451

 

Total Income

 

 

84,820

 

 

 

643,311

 

 

 

595,671

 

 

 

1,427,100

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management Fees

 

 

261,992

 

 

 

199,986

 

 

 

525,328

 

 

 

442,526

 

Brokerage Commissions and Fees

 

 

2,221

 

 

 

2,151

 

 

 

8,247

 

 

 

7,221

 

Interest Expense

 

 

1,761

 

 

 

2,443

 

 

 

3,659

 

 

 

3,749

 

Total Expenses

 

 

265,974

 

 

 

204,580

 

 

 

537,234

 

 

 

453,496

 

Less: Waivers

 

 

(35,005

)

 

 

(2,592

)

 

 

(64,315

)

 

 

(6,409

)

Net Expenses

 

 

230,969

 

 

 

201,988

 

 

 

472,919

 

 

 

447,087

 

Net Investment Income (Loss)

 

 

(146,149

)

 

 

441,323

 

 

 

122,752

 

 

 

980,013

 

Net Realized and Net Change in Unrealized Gain (Loss) on

     United States Treasury Obligations, Affiliated Investments

     and Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Realized Gain (Loss) on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States Treasury Obligations

 

 

 

 

 

117

 

 

 

 

 

 

(590

)

Commodity Futures Contracts

 

 

(605,640

)

 

 

39,555

 

 

 

13,026,223

 

 

 

2,736,793

 

Net Realized Gain (Loss)

 

 

(605,640

)

 

 

39,672

 

 

 

13,026,223

 

 

 

2,736,203

 

Net Change in Unrealized Gain (Loss) on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States Treasury Obligations

 

 

(17,740

)

 

 

29,788

 

 

 

(17,559

)

 

 

24,709

 

Affiliated Investments

 

 

(29,475

)

 

 

 

 

 

(29,475

)

 

 

 

Commodity Futures Contracts

 

 

23,056,627

 

 

 

6,841,951

 

 

 

5,635,477

 

 

 

3,202,178

 

Net Change in Unrealized Gain (Loss)

 

 

23,009,412

 

 

 

6,871,739

 

 

 

5,588,443

 

 

 

3,226,887

 

Net Realized and Net Change in Unrealized Gain (Loss) on

     United States Treasury Obligations, Affiliated

     Investments and Commodity Futures Contracts

 

 

22,403,772

 

 

 

6,911,411

 

 

 

18,614,666

 

 

 

5,963,090

 

Net Income (Loss)

 

$

22,257,623

 

 

$

7,352,734

 

 

$

18,737,418

 

 

$

6,943,103

 

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.

 

 

4


Invesco DB Precious Metals Fund

Statement of Changes in Shareholders’ Equity

For the Three Months Ended June 30, 2020

(Unaudited)

 

 

 

General Shares

 

 

Shares

 

 

Total

 

 

 

Shares

 

 

Total

Equity

 

 

Shares

 

 

Total

Equity

 

 

Shareholders'

Equity

 

Balance at March 31, 2020

 

 

40

 

 

$

1,636

 

 

 

3,400,000

 

 

$

139,076,963

 

 

$

139,078,599

 

Purchases of Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Redemption of Shares

 

 

 

 

 

 

 

 

 

 

(400,000

)

 

 

(17,617,701

)

 

 

(17,617,701

)

Net Increase (Decrease) due to Share Transactions

 

 

 

 

 

 

 

 

 

 

(400,000

)

 

 

(17,617,701

)

 

 

(17,617,701

)

Net Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

(146,149

)

 

 

(146,149

)

Net Realized Gain (Loss) on United States Treasury

   Obligations, Affiliated Investments and

   Commodity Futures Contracts

 

 

 

 

 

 

48

 

 

 

 

 

 

 

(605,688

)

 

 

(605,640

)

Net Change in Unrealized Gain (Loss) on United States

   Treasury Obligations, Affiliated Investments and

   Commodity Futures Contracts

 

 

 

 

 

 

232

 

 

 

 

 

 

 

23,009,180

 

 

 

23,009,412

 

Net Income (Loss)

 

 

 

 

 

 

280

 

 

 

 

 

 

 

22,257,343

 

 

 

22,257,623

 

Net Change in Shareholders' Equity

 

 

 

 

 

280

 

 

 

(400,000

)

 

 

4,639,642

 

 

 

4,639,922

 

Balance at June 30, 2020

 

 

40

 

 

$

1,916

 

 

 

3,000,000

 

 

$

143,716,605

 

 

$

143,718,521

 

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.


5


Invesco DB Precious Metals Fund

Statement of Changes in Shareholders’ Equity

For the Three Months Ended June 30, 2019

(Unaudited)

 

 

 

General Shares

 

 

Shares

 

 

Total

 

 

 

Shares

 

 

Total

Equity

 

 

Shares

 

 

Total

Equity

 

 

Shareholders'

Equity

 

Balance at March 31, 2019

 

 

40

 

 

$

1,451

 

 

 

3,200,000

 

 

$

116,093,278

 

 

$

116,094,729

 

Purchases of Shares

 

 

 

 

 

 

 

 

 

 

200,000

 

 

 

7,353,516

 

 

 

7,353,516

 

Redemption of Shares

 

 

 

 

 

 

 

 

 

 

(400,000

)

 

 

(14,407,091

)

 

 

(14,407,091

)

Net Increase (Decrease) due to Share Transactions

 

 

 

 

 

 

 

 

 

 

(200,000

)

 

 

(7,053,575

)

 

 

(7,053,575

)

Net Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income (Loss)

 

 

 

 

 

 

13

 

 

 

 

 

 

 

441,310

 

 

 

441,323

 

Net Realized Gain (Loss) on United States Treasury

   Obligations, Affiliated Investments and

   Commodity Futures Contracts

 

 

 

 

 

 

32

 

 

 

 

 

 

 

39,640

 

 

 

39,672

 

Net Change in Unrealized Gain (Loss) on United States

   Treasury Obligations, Affiliated Investments and

   Commodity Futures Contracts

 

 

 

 

 

 

56

 

 

 

 

 

 

 

6,871,683

 

 

 

6,871,739

 

Net Income (Loss)

 

 

 

 

 

 

101

 

 

 

 

 

 

 

7,352,633

 

 

 

7,352,734

 

Net Change in Shareholders' Equity

 

 

 

 

 

101

 

 

 

(200,000

)

 

 

299,058

 

 

 

299,159

 

Balance at June 30, 2019

 

 

40

 

 

$

1,552

 

 

 

3,000,000

 

 

$

116,392,336

 

 

$

116,393,888

 

See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.  


6


Invesco DB Precious Metals Fund

Statement of Changes in Shareholders’ Equity

For the Six Months Ended June 30, 2020

(Unaudited)

 

 

 

General Shares

 

 

Shares

 

 

Total

 

 

 

Shares

 

 

Total

Equity

 

 

Shares

 

 

Total

Equity

 

 

Shareholders'

Equity

 

Balance at December 31, 2019

 

 

40

 

 

$

1,668

 

 

 

3,400,000

 

 

$

141,734,724

 

 

$

141,736,392

 

Purchases of Shares