The Manager of the Booster Innovation Fund (BIF) has recently reviewed the value of its investments and made adjustments, resulting in a net asset value per unit decrease of 2.9%, to give a value of approximately $1.406 per unit.
This is offset by positive adjustments of $199,000 relating to the purchase of additional shares in an existing business and a valuation increase based on positive developments by another business.
The Fund's valuation policy is consistent with the Manager's assessment of the longer-term potential of these businesses.
For more information, please visit www.booster.co.nz or contact the Fund's Company Secretary.
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