Richards Packaging Inc Fd (RPI) has notable insider buying

Richards Packaging Inc Fd (T:RPI)

Enzio Di Gennaro, CFO, acquired 1,200 Trust Units on an indirect ownership basis for registered holder RRSP at prices ranging from $73.250 and $74.949 through the public market between December 29th, 2020 and December 30th, 2020. The insider also acquired 90 Trust Units on an indirect ownership basis for registered holder RRSP - Spousal at a price of $74.844 through the public market on December 30th, 2020. The insider also acquired 65 Trust Units on an indirect ownership basis for registered holder TFSA at a price of $74.930 through the public market on December 30th, 2020. This represents a $101,375 investment into the company's shares and an account share holdings change of 3.4%.

Richards Packaging Income Fund (the Fund) is a Canada-based open-ended, limited purpose trust. The Fund invests in packaging distribution businesses throughout North America. The Fund's subsidiary, Richards Packaging Inc. and its subsidiaries (Richards Packaging), is principally engaged in the distribution of plastic and glass containers and associated closures. Richards Packaging distributes over 5,000 different types of packaging containers and related components sourced from over 600 suppliers and its approximately three manufacturing facilities. Richards Packaging's customer base consists of approximately 13,300 regional food, beverage, cosmetic, specialty chemical, pharmaceutical and other companies. In addition to providing its customers with a range of packaging solutions, Richards Packaging provides design and development services and logistics management through approximately 20 sales offices and one agency location.