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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2012
Mar 11, 2012
64981_rns_2012-03-11_dc5d0e7a-15b7-4d4e-bdcf-1b1db6f6603d.pdf
Net Asset Value
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10 March 2012
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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 29 February 2012
The unaudited NTA of the Company was as follows:
| Before estimatedtax on unrealisedgains | After estimatedtax on unrealisedgains | |
|---|---|---|
| at 29 February 2012 | 83.62 ¢ | 83.62 ¢ |
| at 31 January 2012 | 89.94 ¢ | 89.94 ¢ |
The decrease in the NTA between end of January 2012 and end of February 2012 was due to the decrease in the market value of its investments in Berkshire Hathaway (BRK), Hyperion Flagships Limited (HIP) and Athelney Trust in UK (ATY), in addition to a strengthening Australian Dollar against both the US Dollar and British Pound.
During February 2012, the company finalised the purchase of shares in Hyperion Flagships Limited (HIP). The board expects this investment will provide a regular income stream for working capital purposes whilst still maintaining the larger proportion of its investment funds in Berkshire Hathaway.
For further information please call the Company Secretary on 1300 552 660.
Yours faithfully,
GLOBAL MASTERS FUND LIMITED
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Brian Jones Company Secretary
Global Masters Fund Limited ABN 84 109 047 618
Tel: +61 1300 552 660 Fax: +61 2 8815 5401 Email: [email protected] www.globalmastersfund.com.au
Level 1 12 O’Connell Street Sydney NSW 2000 Australia