LINQ RESOURCES FUNDJune 2006 Distribution EstimateASX...

LINQ RESOURCES FUND
June 2006 Distribution Estimate
ASX ANNOUNCEMENT
LinQ Resources Fund announces 250% rise in distribution
LinQ Resources Fund, the actively managed resources fund which specialises in investments in small to medium resources
companies, today announced the following estimated distribution for the 12 month period to 30 June 2006. The estimated
distribution is 7 cents per unit, an increase of 3 ½ times the distribution for the 12 month period to 30 June 2005 of 2 cents per
unit.
This estimate is based on unaudited accounts to 31 May 2006 adjusted for forecast movements in realised profits and losses
during June 2006. The final results are subject to audit in July 2006.
This distribution follows strong performance of the fund over the last 11 months:
�� A 32% rise in NTA
�� Significant reduction of the Fund’s cash drag with cash representing 69% of the NTA at the start of the financial year
and only 27% by 31 May 2006
In the next 12 months a number of investee companies are expected to make the transition from explorer to producer reflecting
positive advancement of many of our investee companies.
Welcoming the proposed distribution, which comes only 17 months after listing on the ASX in late January 2005, Clive Donner,
Managing Director of the LinQ Resources Fund, said: “We are pleased to be able to provide our investors with this proposed
increase in distribution. This is the best kind of vindication of our Fund’s performance, strategy and investment selection
process. We are also pleased at the rate that we have been able to reduce the cash drag over the last year and expect that as the
fund approaches full investment, its valuation will better reflect the performance of its investments. We continue to see real
opportunities for value in our sector and believe that the current sector fundamentals predominantly remain positive and
unchanged.”
The actual distribution amount will be finalised at a meeting of the LinQ Capital Limited Board scheduled for the end of July
2006, after finalisation of the audited accounts. Payment of the distribution entitlement is expected to be made around the middle
of August 2006.
The advice to be sent to unit holders with payment in August 2006 will include details of the tax advantaged components of the
distribution.
Under the Fund’s constitution, the record date for determining the Unit holders’ entitlement to a distribution is close of business
on 30 June each year or more frequently as the RE may determine. For the 2006 distribution the record date is 30 June 2006 and
the units will trade ex div on 26 June 2006.
In addition, the Directors advise the Distribution Reinvestment Plan (‘DRP’) remains active. All units allotted under the Plan are
allotted at an issue price which is determined in accordance with the requirements of the Scheme Constitution, which will
include a discount determined by the Responsible Entity to be 5%.
For further information please contact:
Mr Clive Donner 19 June 2006
Managing Director
About LinQ Resources Fund (‘LRF’) ARSN 108 168 190
The LRF is a registered managed investment scheme.
The unaudited NTA per unit of the LinQ Resources Fund at 31 May 2006 was $1.31, post the 2 cent June 2005 distribution.
LRF is an actively-managed resources fund, which specialises in investments in small to medium resources companies both in Australia and
overseas. The Fund may invest in companies at all stages of development from exploration through to production, although the focus in pre
cash low companies is mostly on investment in companies in the later stage exploration and economic evaluation phases between discovery
and completion of bankable feasibility studies. The Fund aims to provide both yield and capital growth for its investors.