Carbon fund reports NTA, acquires Treasury stock in CO2 units

Carbon Fund (NZX:CO2), managed by Salt Investment Funds Limited, has announced an NTA of 1.6223 for its carbon fund as of April 16, 2025. Concurrently, the Fund reported the acquisition of 40,465 of its own units as treasury stock for NZD59,078.90, at an acquisition price of 1.4600 per unit. This represents 0.1285% of the total units on issue. Following the acquisition, the total number of fully paid ordinary units in existence stands at 31,486,153.00. The acquisition, made pursuant to the Master Trust Deed, reflects the Fund's investment strategy of providing investors with total return exposure to carbon credit pricing through emissions trading schemes in New Zealand and abroad. The Fund actively manages carbon credits within the NZ Emissions Trading Scheme. Salt Funds Management, the manager’s parent company, specialises in managing listed equity and property portfolios with approximately NZD2 billion in funds under management.