Carbon Fund acquires units, updates net tangible assets

The Carbon Fund announced on September 23, 2025, the acquisition of 58,182 of its own CO2 units, classified as treasury stock, at an acquisition price of NZD 1.4100 per unit, totaling NZD 82,036.62. This acquisition represents 0.2212% of the total units on issue, with the units now held as treasury stock. Following this transaction, the total number of fully paid ordinary units in existence (excluding treasury stock) stands at 26,306,621.

Concurrently, Salt Investment Funds Limited, manager of the Carbon Fund, released details regarding the fund's net tangible assets (NTA) and units on issue as of September 22, 2025. The Carbon Fund's NTA per unit was reported at 1.6943, with 26,306,621 units on issue.

The Carbon Fund's investment objective is to provide investors with exposure to the price of carbon credits by purchasing and holding them in emissions trading schemes, primarily the NZ Emissions Trading Scheme. Salt Funds Management Limited, a subsidiary, manages the fund and specializes in listed equity and property portfolios, overseeing approximately NZD 2 billion in funds under management.