Carbon Fund boosts holdings, announces board changes after sale

On August 29, 2025, Carbon Fund announced the acquisition of 105,478 CO2 units for NZ$147,004.69 at an acquisition price of 1.3937. These units, representing 0.3956% of total units on issue, were acquired as fully paid treasury stock. This brings the total fully paid ordinary units in existence after acquisition to 26,659,513. The net tangible assets (NTA) for the Carbon Fund, managed by Salt Investment Funds Limited, stood at 1.6865 as of the same date.

The acquisition coincides with significant changes in the board composition of Salt Investment Funds Limited, the Carbon Fund’s manager, following its sale to Alvarium (NZ) Wealth Management Holdings Limited. Effective early September 2025, Paul Harrison and Kate Armstrong will resign as directors. The new directors include Brett Robin Gamble, Shane David Edmond, John Charles Berry, Rukumoana Schaafhausen, and Raewyn Yuen Mei Fong, with Matthew Goodson remaining as a director.

Salt Investment Funds Limited, a boutique funds management firm with approximately NZ$2 billion under management, continues to manage the Carbon Fund, which aims to provide investors with exposure to carbon credit prices through holdings in the NZ Emissions Trading Scheme and offshore schemes.