Booster Innovation Fund value increases by $715,000

Booster has increased the net asset value of its Booster Innovation Fund by $715,000 or 3.9%.

The adjustment, made on Jan 25 2024, brings the net asset value per unit to approximately $1.5876, compared to the previous value of $1.5281 per unit.

The increase in value is a result of one of the businesses in the fund's investment portfolio being in advanced discussions to raise additional capital at a higher price.

Booster, however, noted that there is uncertainty whether the capital raise will be completed on the same terms.

The company has applied a probability weighting in its assessment and said there is potential for a further 2.1% increase in the fund's value if the transaction is successful and consistent with their own assessment.

Investors were cautioned to consider the impact of this announcement when determining a fair price for the transaction.

No further details about the business involved were disclosed due to confidentiality restrictions.