A
diversified portfolio numbering around 60 companies.
A Board
and Investment Committee with extensive investment skills and
practical business experience.
No upfront
fees or commissions to third parties – transaction costs
will be borne when buying and selling Djerriwarrh shares through
a stockbroker.
Low managements
fees - 0.26% for the financial year to 30 June 2008
Effective
capital management:
a dividend
reinvestment plan which allows investors to cost effectively
put their dividends back into the Company
from time to time,
a share purchase plan which allows shareholders to top up
their holdings with no brokerage and sometimes at a small discount
to the market price.
activation of the on-market share
buy back program which gives the Company the flexibility to
buy back shares at appropriate times, particularly if the shares
start trading at a discount to their Net Asset Backing
Simple
taxation structure for shareholders because Djerriwarrh as a separate
legal entity pays tax just like any other company. However
the tax is small because companies receiving fully franked
dividends do not need to pay any additional tax on the franked
dividend. These fully franked dividends are passed straight
through to shareholders in March and August of each year.
Certain Australian shareholders can also claim a tax benefit
where the dividend is sourced from a LIC capital gain.
An active
approach to keeping shareholders informed about the Company’s
activities and performance, including yearly and half yearly
profit announcements, regular shareholder briefings and access
to all company announcements, including Net Asset Backing
announcements.
