On 25th February, the Board of MA1 declared a fully franked interim dividend of 13.0c per share franked at 30%. This is a 8.93% fully franked yield (12.75% gross). The fully franked dividend has been achieved through the strong performance since inception and the profits reserve available at 31 December 2020, The dividend materially discharges the Company’s franking credit balance as at 25 February 2021.
The Company’s strong investment performance provided shareholders with a share price rise of 36.7% in the six months to 31 December 2020.
Half year highlights:
- Pre-Tax NTA rose (after fees) 32.94% for the 6 months
- As at 31 December MA1 was:
 Based on Pre-Tax NTA as at 31 December 2020
 Source Ord Minnett Research LIC December 2020 Survey
 Source Ord Minnet Research LIC December 2020 Survey