Carbon fund acquires CO2 units for Treasury, NTA announced

Carbon Fund (NZX:CO2) announced on April 9, 2025, the acquisition of 43,939 CO2 units for a total consideration of NZD65,908.50, priced at NZD1.5000 per unit. This acquisition represents 0.1387% of the total units on issue and will be held as treasury stock under the authority of the Master Trust Deed. Following the acquisition, the total number of fully paid ordinary units in existence, excluding treasury stock, stands at 31,683,737.00. The purpose of holding these units is in line with the fund's strategy to provide investors with exposure to carbon credit prices via emission trading schemes in New Zealand and internationally. Concurrently, Carbon Fund reported a Net Tangible Assets (NTA) value of 1.696. The fund is managed by Salt Investment Funds Limited, a subsidiary of Salt Funds Management Limited.