NTA & Top 25 Investments as at 29 February 2024

Dear Sir/Madam

Monthly Net Tangible Asset Backing Per Share and Top 25 Investments.

29 February 2024 - Ex Div
Before Tax $7.77
After Tax $6.49

31 January 2024 - Cum Div
Before Tax $7.74
After Tax $6.49


All amounts in $AUD.

The February 2024 figures are after the payment of the interim dividend of 11.5 cents per share and the January 2024 figures are before the provision for the dividend.


* The before and after tax numbers relate to the provision for deferred tax on the unrealised gains in the Company’s investment portfolio. The Company is a long term investor and does not intend disposing of its total long term investment portfolio. Under current Accounting Standards, the Company is required to provide for tax on any gains that may arise on such a theoretical disposal, after the utilisation of brought forward losses. These figures are subject to external review by the auditors.


Attached is a list of the Company’s Top 25 Investments as at 29 February 2024.


Yours faithfully

Matthew Rowe
Company Secretary

Release authorised by Company Secretary

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Announcement PDF