Ann: Indicative NAV COB 01/10/2021, page-7

If there is a special distribution after the MAI takeover I suspect it would be around the 13c mark and most of it will be eligible for 50% CGT discount.

MAI represents 7.8%of the portfolio as per August report. SP and FOR NTA have remained steady since.
Forager has been a major institutional investor in MAI since listing at 0.4c. Current SP is $2.8 so initial investment has gone up 7x.
So roughly 6.7% of current portfolio is profits which will have to be redistributed to unit holders.

Trusts pay no tax directly so there is no pre and post-tax NTA.