• Record Profit before tax of $9.1m
• Record Profit after tax of $6.4m
• Strong portfolio performance with fund up 36.1% for the first half
• Strongly outperforming the index by 31.7% for this 6 month period
• 7.5c fully franked interim dividend
• Annualised yield of 7.1% fully franked (10.2% grossed up for franking)
• Ex-date is 15 April 2026
• DRP will be operating for the half-year dividend
• On-market buy-back planned to buy back shares issued in DRP when shares are trading at a discount to NTA
• 48 cps profits reserves after paying this dividend – more than 3 years’ worth of dividends
• Fund was up 10.2% in January

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