What is the total carrying value of U.S. treasury and government agency bonds for Bw Premier Collection?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: Receipts]
| (in thousands) | Carrying Value | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) |
|---|---|---|---|
| Mutual funds | $ 75,070 | $ 75,070 | $ 75,070 |
| Mortgage and asset-backed securities | 74,452 | 74,185 | 74,185 |
| Corporate bonds | 64,357 | 63,702 | 63,702 |
| Common shares | 44,630 | 44,630 | 44,630 |
| U.S. treasury and government agency bonds | 32,649 | 32,538 | 32,538 |
| Municipal and provincial notes and bonds | 3,622 | 3,594 | 3,594 |
| Investments in certificates of deposits | 2,253 | 2,234 | 2,234 |
| Restricted Rabbi Trust investments | 17,037 | 17,037 | 17,037 |
| Total | $ 314,070 | $ 312,990 | $312,990 |
[Item 23: Receipts]
| (in thousands) | Carrying Value | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) |
|---|---|---|---|
| Mutual funds | $ 101,602 | $ 101,602 | $101,602 |
| Mortgage and asset-backed securities | 83,694 | 83,372 | 83,372 |
| Corporate bonds | 77,126 | 76,300 | 76,300 |
| Common shares | 60,630 | 60,630 | 60,630 |
| U.S. treasury and government agency bonds | 48,487 | 48,283 | 48,283 |
| Municipal and provincial notes and bonds | 3,701 | 3,663 | 3,663 |
| Restricted Rabbi Trust investments | 17,220 | 17,220 | 17,220 |
| Total | $ 392,460 | $ 391,070 | $391,070 |
The following tables present information about the carrying value of the Company's financial assets compared to fair value as of November 30, 2024 and 2023, and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value. The investments in certificates of deposits, mutual funds, common shares, U.S. treasury and government agency bonds, corporate bonds, mortgage and asset-backed securities, and municipal and provincial notes and bonds are included in both short-term and long-term investments in the Consolidated Statements of Financial Position, and the investments held in a Restricted Rabbi Trust are included in Restricted Rabbi Trust investments in the Consolidated Statements of Financial Position.
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the company provides data on the carrying value of its U.S. Treasury and government agency bonds in Item 23. As of November 30, 2024, the carrying value was approximately $32.649 million. For November 30, 2023, the carrying value was approximately $48.487 million. These figures, presented in thousands of dollars, reflect the book value of these assets on the company's balance sheet at those dates.
These investments are part of Bw Premier Collection's broader portfolio of financial assets, which also includes mutual funds, mortgage and asset-backed securities, corporate bonds, and other investment types. The FDD also specifies that these investments are included in both short-term and long-term investments in the Consolidated Statements of Financial Position. This means that the bonds are a component of the company's overall strategy for managing its assets and ensuring financial stability.
Prospective franchisees should note that these figures represent the carrying value, which may differ from the fair market value. The FDD also provides information on how Bw Premier Collection determines the fair value of its assets, using a hierarchy of valuation techniques (Level 1, Level 2, and Level 3) based on the availability of market prices. Understanding the composition and valuation of these assets can give franchisees a better sense of the financial health and investment strategies of Bw Premier Collection.