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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2017
May 7, 2017
64981_rns_2017-05-07_de7b0f8f-ac58-4dd8-9dd5-e3a5bc354850.pdf
Net Asset Value
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8 May 2017
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Company Announcements Office ASX Ltd, Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000
Dear Sir
Net Tangible Asset (NTA) backing per Share at 30 April 2017
The unaudited NTA backing per share of the Company at 30 April 2017 was as follows:
| Beforeestimated tax onunrealized gains | Afterestimated tax onunrealized gains | |
|---|---|---|
| at30 April 2017 | 197.9 c | 173.1 c |
| at31 March 2017 | 194.2 c | 170.2 c |
The NTA figures shown above are before and after the provision for deferred tax on the unrealized gains in the Company’s investment portfolio. The Company is a long-term equity investor and does not intend to dispose of its total portfolio. The BRK share prices dropped slightly on NYSE but this was compensated by a drop in the exchange rate. The share price of Athelney Trust on LSE increased in April 2017. The value of the Australian dollar against the US Dollar and the British Pound fell during April 2017. During April 2017 shares in FSI were sold and the cash reserves of the Company increased accordingly.
The three investments of the Company at 30 April 2017 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 78.8 % |
| FlagshipInvestments Limited(ASX) (FSI) | 13.1 % |
| AthelneyUnit Trust PLC(LSE) (ATY) | 8.1 % |
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