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Booster innovation scheme releases material information document

April 1, 2025 at 10:00 AM UTCBy FilingReader AI

The Booster Innovation Fund (NZX:BIF) has released an updated "Other Material Information" document, dated 1 April 2025, providing additional insights for potential investors. The document complements the existing Product Disclosure Statement (PDS) and covers various aspects of the Fund's operation, including investment options via the Booster wrap administration system and NZX Participants. It details taxation, fee assumptions, including a performance-based management fee calculated at 20% of net returns above 10% p.a., and material contracts, notably its Limited Partnership with NZ Innovation Booster Limited (NZIB) to support university innovation commercialization. The document also highlights potential conflicts of interest related to transactions with related parties and Booster’s management policy, ensuring investor interest protection. It discloses ongoing civil proceedings brought by the Financial Markets Authority (FMA) against Booster regarding investments made via Booster Tahi Limited Partnership. The document is available on Booster's website.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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