INVESTMENT UPDATE

April 2017

For the month of April 2017 Cadence Capital Limited returned a positive gross performance of 1.5% compared to an increase in the All Ordinaries Accumulation Index of 0.8%. For the financial year to date, Cadence Capital Limited has returned a positive gross performance of 13.9% compared to an increase in the All Ordinaries Accumulation Index of 15.8%.

On 28thApril 2017 the Company paid its 4.0 cent fully-franked interim dividend. This equated to a 6.7% annual fully franked yield, or a 9.6% gross yield (grossed up for franking credits) based on the CDM share price at the time of the dividend announcement. All shareholders were able to participate in the Dividend Re-Investment Plan (“DRP”) at $1.1903 (3% discount). Two Directors took up their full entitlement under the DRP.

As at the 30th April 2017 the fund was holding 12% cash (88% invested).

Fund NTA

 CDM NTA table

Fund Performance

performance table

* Before Management and Performance Fees

**These numbers include the franking value of the substantial dividend from its RHG holding received in May 2011.

CDM Share Price and Option Returns plus Dividends & Franking

 performance divs column chart

* CDM 1 year figures reflect the share price move from a premium to a discount to NTA

Fully Franked Dividends Declared Since Listing

dividend table

* Off market equal access buy back

Historic Portfolio Exposure

portfolio exposure

Portfolio Sector Analysis

portfolio sectors

Top Portfolio Positions

top portfolio positions

Recent News Articles

Karl Siegling participated in the 200th edition of Cuffelinks discussing ‘What investment insights would you give your 20 year-old self’. Karl was also quoted in The Australian article ‘Industry awash with M&A cash’.

Please visit our 52 books you should read before buying your next stock section on the Cadence website to view some recently added titles.

To view all previous Cadence webcasts and press articles, please visit the Media Section of the website.

10 Books To Read Before Buying Your Next Stock

Funds management involves a lot of synthesis of information and reading. Over the years we all end up reading many investment books and refer to them from time to time.

The team at Cadence has compiled a list of books that have influenced our investment style, or helped provide insight into the investment process.

Whilst not an exhaustive list, the 10 titles contained in this eBook provide a good starting point for any interested investor.