Cotwo Advisors Physical European Carbon Allowance Trust reports $0.000171M revenue, $(2.99) EPS

Cotwo Advisors Physical European Carbon Allowance Trust reported minimal investment income of $0.000171 million (interest/investment income of $171) for the period and recorded a net decrease in net assets from operations of $(0.298801) million, equivalent to a net loss per share of $(2.99). The trust's operating expenses included Sponsor management fees of $3,720, contributing to operating loss of $(0.00372) million. As an investment vehicle holding European carbon allowances, revenue reflects interest/investment income rather than traditional operating sales. Financial Highlights Revenue: $0.000171 million (Investment/Interest Income of $171)Gross Profit: $0 millionOperating Income: $(0.00372) million (includes Sponsor management fees of $3,720)Net Income: $(0.298801) million (net decrease in net assets resulting from operations)Net Income Per Share: $(2.99) Business Highlights Trust formation and listing: Trust formed January 12, 2023; S-1 declared effective April 29, 2025; began trading on NYSE Arca June 20, 2025.Primary asset focus: Invests substantially all assets in European Union Allowances (EUAs); holdings limited to EUAs and cash.Operations and fee structure: Sponsor manages routine operations and pays certain expenses; Trust pays an annualized Sponsor management fee of 0.79%.NAV and market dynamics: Net asset value declined from $19.20 to $16.21 over the Dec–Feb period, with EUA price volatility driven by regulatory signals, weather, geopolitics, and speculative positioning.Creation/redemption mechanism: Shares are created and redeemed in 50,000-share Baskets by Authorized Participants, using in‑kind or cash transactions supported by Liquidity Providers.Original SEC Filing: COTWO ADVISORS PHYSICAL EUROPEAN CARBON ALLOWANCE TRUST [ CTWO ] - 10-Q - Apr. 15, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.