NAOS News & Insights

NSC Media Release | Quarterly Dividends

June 4, 2018

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NAOS Small Cap Opportunities Company Limited Announces Quarterly Dividend Payments

Monday, 4 June 2018: On behalf of the Directors of NAOS Small Cap Opportunities Company Limited (Company), and after consideration of feedback from our shareholders, it is my pleasure to announce that the Company aims to increase the frequency of the income stream it provides to shareholders by changing from bi-annual to quarterly dividend payments.

We believe this change will provide shareholders with a Listed Investment Company which is highly differentiated in the market, which may lead to increased market awareness and demand both from the financial planning community as well as direct shareholders including SMSFs. It is our view that this change should contribute towards releasing and maintaining value for shareholders over the longer term as well as assisting with better managing shareholder cash flow.

Further, in line with the Company’s revised Dividend Reinvestment Plan (DRP) rules the Company will purchase shares quarterly ‘on market’ for DRP purposes, as opposed to issuing new shares, to avoid any potential dilution to the Company’s post-tax net tangible assets (NTA) when its NTA is greater than the share price as at record date.

Since its appointment as investment manager of the Company in late 2017, NAOS Asset Management has positioned the investment portfolio to provide shareholders with concentrated exposure to quality industrial small-cap companies with a long-term value focus. Supporting its intention to deliver shareholders with a sustainable growing stream of dividends franked to the maximum extent possible, the Company provided shareholders with an interim 2.5 cent fully franked dividend paid in March 2018.

The Board thanks shareholders for their continued support, for more information or to provide feedback please contact or (02) 9002 1576.

Trevor Carroll

Published: 4 June 2018

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