Fountain Asset (TSE:FA) has released an update.
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Fountain Asset Corp. experienced a significant downturn in the fourth quarter of 2023, with a net asset value drop of 35% to $6.66 million and a net comprehensive loss of $3.63 million. The company also reported a substantial loss from investment activity, totaling $3.32 million for the quarter. These figures signal a challenging period for the company, with both net realized and unrealized losses contributing to the downturn.
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