Monash Absolute Investment Company Limited (ASX Code: MA1) announced on 21 August 2018, the Company’s 2017/18 financial year result and declared a full franked dividend of 1 cent per share .
After a difficult trading environment in the 2016/17 financial year, the Company is pleased to report that 2017/18 financial year was a very positive one with the NTA pre-tax growing by 12.52% (after fees and expenses). The Company has also had a strong start to the 2018/19 financial year achieving a positive return of 2.82% on NTA pre-tax (after fees and expenses) for the month of July and NTA pre-tax was $1.0115 and NTA post-tax was $1.0188.
The MA1 Board declared a fully franked dividend of 1 cent per share for the Financial Year ended 30 June 2018 with an ex-date of 14 September 2018 and a record date of 17 September 2018, expected to be paid on 31 October 2018. The Board is committed to continuing to pay fully franked dividends in the future provided the Company has sufficient franking credits and profit reserves and believes it is prudent to do so. We are also continuing to look at ways to reward the Company’s existing shareholders and attract new ones.
Simon Shields from Monash Investors provides more detailed information on the performance for the year in his Chief Investment Officer’s report in the 2018 Annual Report