Investor Presentaiton
Arena FINCOS: Summary of Net Assets
▲WESTAIM
ARENA
Arena FINCOS
Fair Value
(Currency amounts in millions of US$)
Cash and cash equivalents
Due from brokers, net
December 31, 2021
September 30, 2021
December 31, 2020
$36.3
$9.1
$21.4
•
(1.7)
(25.6)
(5.5)
Investments:
Corporate Private Credit
54.9
56.9
46.2
Real Estate Private Credit and Real Estate Assets
29.1
34.5
49.9
Commercial and Industrial Assets
38.7
43.4
30.8
Structured Finance
3.7
3.5
5.2
Consumer Assets
Other Securities
Total Investments
10.4
12.4
13.8
46.1
79.0
34.4
$182.9
$229.7
$180.3
Senior secured notes payable
($43.7)
($43.6)
($43.4)
Revolving credit facility payable
Other net assets
Net assets of the Arena FINCOS
Changes in Investment in Arena FINCOS
Opening balance
Return of capital to Westaim
Dividends paid to Westaim
6.0
$172.8
FY 2021
$163.0
(7.0)
2.7
$172.3
10.2
$163.0
FY 2020
.
In 2021, Arena FINCOS
secured a revolving credit
facililty of $21.5 million to
allow for efficient treasury
management, limit cash.
drag and enhance returns
The composition of the
portfolio, with
with 44% in
equity/REO/hard assets (1),
contributes to fair market
value volatility of these
invested assets through
unrealized net gains
(losses)
$205.8
(20.0)
(22.7)
Net operating results of the Arena FINCOS
Ending balance
9.8
$172.8
(0.1)
$163.0
(1) Equity / REO / Hard Assets reflects any hard asset ownership, in which Arena FINCO has direct ownership rights of the asset, including real estate owned investments (REO), private assets, and corporate entities.
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