Carbon fund issues update on units and CO2 acquisition

Carbon Fund (NZX:CO2) announced that as of March 4, 2025, the fund's net tangible assets (NTA) stood at $1.8634 per unit, with 32,367,617 units outstanding. In a related announcement, Salt Investment Funds Limited, the fund's manager, disclosed it had acquired 27,769 CO2 units for the Carbon Fund at a price of $1.6486 per unit, totaling $45,779.97. This acquisition represents 0.0858% of the total units on issue. The units were acquired as treasury stock pursuant to the Master Trust Deed. The fund aims to provide investors exposure to the price of carbon credits by investing in emissions trading schemes in New Zealand and offshore. Salt Funds Management Limited, manages the Carbon Fund.