Carbon Fund acquires CO2 units for treasury stock

On October 3, 2025, Carbon Fund acquired 41,030 CO2 units for NZD 55,411.02 at an acquisition price of 1.3505 per unit. These units were acquired as fully paid treasury stock pursuant to the Master Trust Deed, representing 0.1626% of total units on issue. Following this acquisition, the total number of fully paid ordinary units in existence (excluding treasury stock) is 25,230,434.

The Carbon Fund aims to provide investors with total return exposure to the price of carbon credits, primarily through buying and holding credits in the NZ Emissions Trading Scheme. As of October 3, 2025, the net tangible assets (NTA) for the fund stood at 1.6669.

Managed by Salt Investment Funds Limited, a subsidiary of Salt Funds Management Limited, the Carbon Fund's operations are detailed in its Product Disclosure Statement. Salt Funds Management oversees approximately NZD 2 billion in funds and specializes in New Zealand and Australian listed equity and property portfolios.