Carbon Fund acquires CO2 units, director resigns

The Carbon Fund announced on November 7, 2025, the acquisition of 50,382 CO2 units at NZD 1.3100 per unit, totaling NZD 66,000.42. These units, representing 0.2059% of total units on issue, were acquired as fully paid treasury stock. Following this acquisition, the total number of fully paid ordinary units in existence, excluding treasury stock, stands at 24,463,644.

Concurrently, Salt Investment Funds Limited reported the Carbon Fund's net tangible assets (NTA) as NZD 1.4995 as of November 6, 2025, with 24,463,644 units on issue. Salt Investment Funds Limited, managing the Carbon Fund, confirmed that John Berry has resigned as a director, effective immediately. Mr. Berry also remains a director of Pathfinder Asset Management Limited and Alvarium (NZ) Wealth Management Holdings Limited.

The Carbon Fund aims to provide investors with exposure to carbon credit prices through purchasing and holding credits in the NZ Emissions Trading Scheme. Salt Funds Management Limited, an award-winning firm with approximately NZD 2 billion in funds under management, manages the Carbon Fund.