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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2017
Feb 9, 2017
64981_rns_2017-02-09_1fce3a88-e838-443f-8ad0-5a617912db78.pdf
Net Asset Value
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10 February 2017
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 31 January 2017
The unaudited NTA backing per share of the Company at 31 January 2017 was as follows:
| Beforeestimated tax onunrealized gains | Afterestimated tax onunrealized gains | |
|---|---|---|
| at31 January2017 | 193.6 c | 169.7 c |
| at31 December 2016 | 200.8 c | 178.0 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 increased in January 2017 on NYSE, as well as Athelney Trust on LSE. However the value of the Australian dollar at 31 January 2017 strengthened which had a negative effect of the NTA. The overall result was a decrease in the NTA of the Company at 31 January 2017.
The three investments of the Company at 31 January 2017 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 74.1 % |
| FlagshipInvestments Limited(ASX) (FSI) | 18.6 % |
| AthelneyUnit Trust PLC(LSE) (ATH) | 7.3 % |
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