Ist N.Z. UNIT TRUST
Earnings Down Slightly The first New Zealand Unit Trust’s nert eamings in the six months ended June 30. 1963. were £11.413, compared with £11.769 in the same period of 1962. The trustees are making a distribution at the steady rate of 0s 8d a 100 units, which will take £11,333 (compared with £12,167 last year). Last year's final distribution was 8s 4d a 100 units, making 15s, or 3 per cent, for the year. As was done last year, no administration charge is made for the latest period. Most of the trust’s dividend income is received in the second half of the year, when the full year’s administration charge is made. Not Stated The number of units on issue is not stated, nor is the total value of the portfolio. These may be calculated at £825.000 (compared with £912.500 six months earlier) and about £BOO.OOO (£783.297) respectively. An analysis of the portfolio shows 51.7 per cent of the funds (47 8 per cent six months earlier) invested in New Zealand. 47.3 per cent (49 7 per cent) in Australia and 10 per cent (1.7 per cent) in the United Kingdom. The largest single holding in one company is again 30.800 N.Z. Forest Products shares, which represent 8.67 per cent (7.35 per cent) of the total value of the portfolio.
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https://paperspast.natlib.govt.nz/newspapers/CHP19630826.2.197
Bibliographic details
Press, Volume CII, Issue 30219, 26 August 1963, Page 16
Word Count
223Ist N.Z. UNIT TRUST Press, Volume CII, Issue 30219, 26 August 1963, Page 16
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