Booster Innovation fund to repurchase units on NZX

Booster Investment Management Limited, the manager of the Booster Innovation Fund (NZX:BIF), announced plans to repurchase up to 120,000 units via the NZX. The on-market repurchase will be undertaken at a price not exceeding the latest net asset value, and the units will then be redeemed. This action, scheduled for July 1, 2025, aims to address recent net seller activity and leverage available liquidity within the fund. The repurchase and subsequent redemption will be managed by Booster Financial Services Limited, the parent company of the fund's manager. Booster Investment Management currently manages over NZD 7 billion in superannuation and investment funds for over 200,000 New Zealanders.