Slow progress

The first Return of Capital of $80 per share took place in February.

Since then most of our investments have been sold, including the majority of our listed investments. Unlisted investments are in the process of being put out to tender to those shareholders interested in taking them on. The closing date for the tender process is 10 July. Apart from the unlisted equities, there remain only highly liquid investments. With these we are getting the best interest rates we can without taking undue risk.

There will be a small franked dividend paid on 12 July of $3.60 per share.

Slow progress, but progress none the less.