FAQ

Frequently Asked Questions

 


 

What Is The Tax Position When Investing in AMCIL?

All of AMCIL's dividends to date have been fully franked, potentially enabling shareholders to offset the franking credits received against their own income. Recent changes to the imputation system also allow refund of franking credits to shareholders whose marginal tax rate is less than the Company tax rate.

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What Is The Role Of The Board?

 

Please click on the link below to access information regarding the role of the Board:
Role of the Board

Please click on the link below to access information regarding the role of the Board:
Role of the Board

 

 

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What Is The Role Of The Investment Committee?

 

Please click on the link below to access information regarding the role of the Investment Committee:

Role of the Investment Committee 

 

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What is the Company's dividend policy?

 

The Company's Corporate Objective is to deliver strong capital growth in the portfolio over the medium to long term with the generation of dividend income as a subordinate, but nevertheless an important objective. 

Depending on the profit from year to year the dividends paid by the Company will maximise the distribution of franking credits. It would not be our normal practice to distribute realised capital gains unless franking credits have been generated. As a result, AMCIL's dividends may vary from time to time. 

 

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How Does AMCIL Make Its Investment Decisions?

 

The Company's investment decisions are made by the Investment Team which includes the Managing Director and are reviewed by the Investment Committee, which usually meets fortnightly.

In relation to research functions and day-to-day dealing responsibilities relating to the portfolio, the Investment Committee is supported by an in house investment and dealing team. All transactions are subject to review and oversight by the Investment Committee.

In addition, because of the breadth and diversity of this area of the market, a large number of stockbrokers cover specific companies or sectors. This means AMCIL also deals with many brokers not just Goldman Sachs JB Were.

 

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