2 unchanged sentences
Statements of Financial Condition
−Removed: June 30, 2022 and December 31, 2021
−Removed: June 30, 2022
+Added: September 30, 2022 and December 31, 2021
+Added: September 30, 2022
December 31, 2021
Canadian Dollar deposits, interest bearing
+Added: Canadian Dollar deposits, non-interest bearing
+Added: Subscriptions receivable
+Added: Receivable from accrued interest
Accrued Sponsor’s fee
10 unchanged sentences
Statements of Comprehensive Income
−Removed: For the Three and Six Months Ended June 30, 2022 and 2021
+Added: For the Three and Nine Months Ended September 30, 2022 and 2021
Three Months Ended
−Removed: Six Months Ended
+Added: September 30,
+Added: Nine Months Ended
+Added: September 30,
Interest Income
7 unchanged sentences
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended June 30, 2022
+Added: For the Three Months Ended September 30, 2022
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at March 31, 2022
+Added: Balance at June 30, 2022
Purchases of Shares
7 unchanged sentences
Redemption Value
−Removed: Balance at June 30, 2022
+Added: Balance at September 30, 2022
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended June 30, 2021
+Added: For the Three Months Ended September 30, 2021
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at March 31, 2021
+Added: Balance at June 30, 2021
Purchases of Shares
7 unchanged sentences
Redemption Value
−Removed: Balance at June 30, 2021
+Added: Balance at September 30, 2021
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Six Months Ended June 30, 2022
+Added: For the Nine Months Ended September 30, 2022
Retained Earnings
11 unchanged sentences
Redemption Value
−Removed: Balance at June 30, 2022
+Added: Balance at September 30, 2022
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Six Months Ended June 30, 2021
+Added: For the Nine Months Ended September 30, 2021
Retained Earnings
4 unchanged sentences
Redemption of Shares
+Added: ( 140,797,232
Net Increase (Decrease) due to Share Transactions
5 unchanged sentences
Redemption Value
−Removed: Balance at June 30, 2021
+Added: Balance at September 30, 2021
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Cash Flows
−Removed: For the Six Months Ended June 30, 2022 and 2021
−Removed: Six Months Ended
+Added: For the Nine Months Ended September 30, 2022 and 2021
+Added: Nine Months Ended
+Added: September 30,
Cash flows from operating activities
3 unchanged sentences
Change in operating assets and liabilities:
+Added: Receivable from accrued interest
Accrued Sponsor’s fee
1 unchanged sentence
Cash flows from financing activities
+Added: Distributions paid to shareholders
Proceeds from purchases of redeemable capital Shares
Redemptions of redeemable capital Shares
+Added: ( 136,950,688
Net cash provided by (used in) financing activities
8 unchanged sentences
Notes to Unaudited Financial Statements
−Removed: June 30, 2022
+Added: September 30, 2022
Note 1 - Background
13 unchanged sentences
The secondary account is also used to account for interest earned, if any, on the primary deposit account, pay Trust expenses and distribute any excess interest to holders of Shares (“Shareholders”) on a monthly basis.
−Removed: This Quarterly Report (the “Report”) covers the three and six months ended June 30, 2022 and 2021 .
+Added: This Quarterly Report (the “Report”) covers the three and nine months ended September 30, 2022 and 2021 .
The accompanying unaudited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
30 unchanged sentences
The Trustee (as defined below) will direct that the excess Canadian Dollars be converted into USD at the prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata basis (in accordance with the number of Shares that they own).
+Added: The table below shows distributions per Share and in total for the periods presented:
+Added: Three Months Ended
+Added: September 30,
+Added: Nine Months Ended
+Added: September 30,
+Added: Distributions per Share
+Added: Distributions paid
+Added: An income distribution for the month ended September 30, 2022 was paid on October 10, 2022 to holders of record as of October 4, 2022 at a rate of $ 0.03576 per Share and a total distribution of $ 51,852 .
Routine Operational, Administrative and Other Ordinary Expenses
5 unchanged sentences
These exceptions include expenses not assumed by the Sponsor (i.e., expenses other than those identified in the preceding paragraph), expenses resulting from negative interest rates, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Trustee or the Sponsor on behalf of the Trust or action taken by the Trustee or the Sponsor to protect the Trust or the interests of Shareholders, indemnification of the Sponsor under the Depositary Trust Agreement, audit fees and legal expenses in excess of $ 100,000 per year.
−Removed: The only expense of the Trust during the three and six months ended June 30, 2022 and 2021 was the Sponsor’s fee.
+Added: The only expense of the Trust during the three and nine months ended September 30, 2022 and 2021 was the Sponsor’s fee.
Federal Income Taxes
16 unchanged sentences
(1) the non-U.S.
−Removed: Shareholder is an individual and is present in the United States for 183 days or more during the taxable year of the sale or other disposition, and the gain is treated as being from United States sources;
+Added: Shareholder is
+Added: an individual and is present in the United States for 183 days or more during the taxable year of the sale or other disposition, and the gain is treated as being from United States sources;
or (2) the gain is effectively connected with the conduct by the non-U.S.
6 unchanged sentences
Canadian Dollar principal deposits are held in a Canadian Dollar-denominated, interest-bearing demand account.
−Removed: The interest rate in effect as of June 30, 2022 was an annual nominal rate of 0.00 %.
−Removed: For the six months ended June 30, 2022, there were Canadian Dollar principal deposits of 24,474,357 , Canadian Dollar principal redemptions of 73,376,462 and Canadian Dollar withdrawals (to pay expenses) of 355,770 , resulting in an ending Canadian Dollar principal balance of 127,141,491 .
+Added: The interest rate in effect as of September 30, 2022 was an annual nominal rate of 1.00 %.
+Added: For the nine months ended September 30, 2022, there were Canadian Dollar principal deposits of 48,907,500 , Canadian Dollar principal redemptions of 83,149,726 and Canadian Dollar withdrawals (to pay expenses) of 444,805 , resulting in an ending Canadian Dollar principal balance of 141,712,335 .
This equates to $ 103,134,772 USD.
29 unchanged sentences
If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s Canadian Dollars, they will determine an alternative basis for the valuation.
−Removed: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding
+Added: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares.
Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share;
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.