Cadence Capital Limited has had a good start to the new financial year returning a positive gross performance of 6.78% during the month of July compared to an increase in the All Ordinaries Accumulation Index of 4.23% and an increase in the Small Ordinaries Accumulation Index of 1.56%.
As at the 31st July 2015 the fund was holding 5% cash (95% invested).
CDM Options – expiring 31st August 2015
Cadence Capital Limited Options (ASX Code: CDMO) with a strike price of $1.43 expire on 31st August 2015.
All options exercised will be entitled to the anticipated 5.0 cents per share fully franked full year dividend and the 1.0 cents per share fully franked special dividend announced on the 22nd July 2015. This year’s dividends will equate to a 7.6% fully franked yield (10.9% when grossed up for franking credits) based on the CDM share price as at month end close.
Cadence Capital Limited Option Holders can either: exercise their options; sell their options; or let their options expire worthless. New Option Exercise Forms were sent to all option holders last week. For further information on how to exercise your CDM Options visit www.cadencecapital.com.au/cdmo
The last date for payment to exercise your Options is 5.00pm AEST on 31st August 2015. CDMO will cease being quoted on the ASX at the close of trading on 24th August 2015.
The Chairman Karl Siegling has announced that he intends to exercise his options.
* 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
* CDM 1 year figures reflect the share price move from a premium to a discount to NTA
Fully Franked Dividends Declared Since Listing
* Off market equal access buy back
** Anticipated 5.0 cents per share fully franked full year dividend and the 1.0 cents per share fully franked special dividend announced on the 22nd July 2015
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Recent News Articles
The Eureka Report featured Cadence Capitals winning approach in its new LIC research series.
Cuffelinks Newsletter published an article by Karl Siegling on Market psychology, emotions .. and more emotions.
ASX Investor Update published an article in its July Newsletter by Karl Siegling on Divestments – benefiting from a spin-off.
Karl Siegling was interviewed for the Commsec Executive Series. View the video interview here.
To view all previous Cadence webcasts and press articles, please visit the Media Section of our Website.