Carbon fund boosts Treasury stock with new CO2 unit acquisition

Carbon Fund [NZX:CO2] announced the acquisition of 215,621 CO2 units, valued at NZD 362,906.43, on February 27, 2025. The units were acquired at a price of NZD 1.6831 each and purchased with cash. These units will be held as treasury stock, pursuant to the Master Trust Deed. The acquisition represents 0.6621% of the total units on issue. Following this acquisition, the total number of fully paid ordinary units in existence for the Carbon Fund is 32,564,339. Salt Investment Funds Limited, the manager of the Carbon Fund, reported that the Net Tangible Assets (NTA) per unit stands at NZD 1.8821 as of February 27, 2025. The Carbon Fund aims to provide investors with exposure to carbon credit prices through emissions trading schemes in New Zealand and offshore.