As at 30 November 2022, the Company’s investments delivered a total return of 10.0%¹ after fees and distributed a yield of 7.6% (incl. franking) since inception² compared to the S&P/ASX 200 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt) (‘Benchmark’) return of 9.5%¹ and a yield of 5.4%¹.
We would like to thank shareholders for their support in the recently completed share purchase plan (SPP), collectively investing an additional $85.8m into the Company. The additional capital will be invested in the same portfolio and in the same way as the existing assets of the Company with no expected impact on the monthly fully franked dividend of PL8.
Commenting on the SPP, Dr Don Hamson, Director of PL8 and Managing Director of Plato said “We are very pleased with the shareholder support for PL8’s SPP evidenced by the amount raised. We are glad that over 4000 shareholders took up the opportunity to invest additional capital in PL8 at closer to NTA.”