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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2009
Feb 10, 2009
64981_rns_2009-02-10_c2dd0b13-ee89-45bd-bcc1-3e06d612ee10.pdf
Net Asset Value
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10 February 2009
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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 31 January 2009
The unaudited NTA of the Company was as follows:
| Before estimatedtax on unrealisedgains | After estimatedtax on unrealisedgains | |
|---|---|---|
| At 31 January 2009 | 107.00 ¢ | 104.00 ¢ |
| At 31 December 2008 | 105.00 ¢ | 102.00 ¢ |
The performance of the company in January 2009 was adversely affected by a drop in the price of the shares of Berkshire Hathaway listed on New York Stock Exchange. In addition the off-market buy back of shares took place at a price higher than NTA at 31 December 2008 and this worked against an NTA improvement since the end of the prior month. On the other hand, the Australian dollar weakened during January 2009 giving rise to a FX gain and NTA was further improved when 6 BRK “A” CLASS shares were sold at a profit.
The above factors resulted in an overall increase in the net tangible assets value (NTA) of Global Masters Fund Limited at 31 January 2009.
For further information please call the Company Secretary on 1300 552 660.
Yours faithfully,
GLOBAL MASTERS FUND LIMITED
Brian 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