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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2008
Jun 15, 2008
64981_rns_2008-06-15_aa3b83c7-0854-4090-9b96-d024e745d479.pdf
Net Asset Value
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13 June 2008
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Company Announcements Office Australian Stock Exchange Exchange Centre Level 6 20 Bridge Street SYDNEY NSW 1215
Net Tangible Asset Backing at 30 May 2008
The unaudited NTA of the Company was as follows:
| Before estimatedtax on unrealisedgains | After estimatedtax on unrealisedgains | |
|---|---|---|
| At 30 May 2008 | 107.51 ¢ | 103.96 ¢ |
| At 30 April 2008 | 108.08 ¢ | 104.45 ¢ |
There was a capital gain (US dollar terms) in May 2008 of the Berkshire Hathaway shares listed on New York Stock Exchange – however the Australian dollar strengthened to close at 0.95583 at 30 May 2008 (at 30 April 2008: 0.94355) against the US dollar. The loss on foreign exchange outweighed the capital gain of the shares and these factors gave rise to a decrease in the NTA at 30 May 2008.
For further information please call the Company Secretary on 1300 552 660.
Yours faithfully,
Brian E. Jones
Company Secretary
Global Masters Fund Limited ABN 84 109 047 618
Tel: +61 1300 552 660 Fax: +61 2 9484 8785 Email: [email protected] www.globalmastersfund.com.au
1 Loch Maree Avenue Thornleigh Sydney NSW 2120 Australia
P.O. Box 71 Thornleigh NSW 2120 Australia