Ann: NTA: AFI: Monthly Net Tangible Asset Backing

• Release Date: 05/03/12 12:36
• Summary: NTA: AFI: Monthly Net Tangible Asset Backing Per Share - AFI
• Price Sensitive: No
• Download Document  1.22KB

					

AFI
05/03/2012 10:36
NTA

REL: 1036 HRS Australian Foundation Investment Company Limited

NTA: AFI: Monthly Net Tangible Asset Backing Per Share - AFI

Australian Foundation Investment Company Limited
Monthly Net Tangible Asset Backing Per Share

Dear Sir / Madam

 Before Tax * After Tax *
29 February 2012 Ex Div $4.48 $3.93
31 January 2012 Cum Div $4.48 $3.93

The Net Tangible Asset Backing per Share figures for 29 February 2012 is
after the
provision for the interim dividend of 8 cents per share and for 31 January
2012 is
before the provision.

*The before and after tax numbers relate to the provision for deferred tax on
the
unrealised gains in the Company's investment portfolio. The Company is a long
term
investor and does not intend disposing of its total long term investment
portfolio. Under
current Accounting Standards, the Company is required to provide for tax on
any gains
that may arise on such a theoretical disposal, after the utilisation of any
brought
forward losses.

These figures do not include the effects of any dilution that would arise
from the
conversion of the outstanding Convertible Notes.

Yours faithfully

Simon Pordage
Company Secretary
End CA:00220351 For:AFI    Type:NTA        Time:2012-03-05 10:36:18