Mutual Fund Half-year
Directors of the United Investors’ Mutual Fund. Westport, have declared an interim dividend of 0.75 d a share (1.25 per cent), but say this rate of interim dividend to in no way an indication of the rate of dividend which will be paid when the complete year’s accounts for the year ending June 30, 1963, are available. The chairman of the management company, Mr H. Lovell, in an interim report, says the fund has continued to make sound progress in the six mouths to December 31 last.
“Share prices have continued at a depressed level during the period. However, it is considered that during 1963 prices will return to more buoyant levels. “Trading conditions in Australia continue to improve and it to expected that during 1963 the New Zealand economy will return to a more satisfactory level,” he adds.
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Bibliographic details
Press, Volume CII, Issue 30095, 1 April 1963, Page 20
Word Count
142Mutual Fund Half-year Press, Volume CII, Issue 30095, 1 April 1963, Page 20
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Acknowledgements
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