Benefits of investing in AMCIL
AMCIL’s portfolio comprises 30 to 40 stocks covering large and small companies in the Australian equity market. As a result small companies by market size can have an equally important impact on AMCIL's portfolio returns as larger companies in the Australian market.
A Board and Investment Committee with extensive investment skills and practical business experience.
A fund with no upfront fees or commissions to third parties – transaction costs will be borne when buying and selling AMCIL shares through a stockbroker.
Managements expense ratio - 0.68% for the financial year to 30 June 2017.
Effective capital management:
- a dividend reinvestment plan which allows investors to cost effectively put their dividends back into the Company.
- activation of the share buy back program which gives the Company the flexibility to buy back shares at appropriate times, particularly if the shares start trading at a discount to their net asset backing
AMCIL as a separate legal entity pays tax just like any other company. However the tax is small because companies receiving fully franked dividends do not need to pay any additional tax on the franked dividend. These fully franked dividends are typically passed straight through to shareholders in August of each year with the payment of the dividend.
Yearly and half yearly profit announcements, regular shareholder briefings and access to all company announcements, including net asset backing announcements that are intended to keep shareholders informed about the Company’s activities and performance.