Price & Performance

Performance for the year

The Fund reported a net loss attributable to unitholders of $7.9 million for the year ended 30 June 2011 which represents a 239.6 percent decrease relative to the prior corresponding period. Earnings attributable to unitholders were (7.08) cents per unit.

The decrease in net profit can be primarily attributed to the impairment provision applied against the Fund's investment in the DCA Group Junior Floating Rate Loan.

The Fund's net cash inflow from operating activities decreased by 1.1 percent to $12.3 million for the financial year ended 30 June 2011. This figure is largely in line with last year's net cash from operating activities of $12.4 million, however cash flow from interest income was lower as a result of the repayments of investments over the year, including the Manildra Group RSN1, Prime Infrastructure SPARCS and Thames Water Junior Floating Rate Loan.

Cash flow from operating activities was 11.02 cents per unit for the financial year to 30 June 2011, compared to 11.23 cents per unit for the financial year ended 30 June 2010. Taxable income attributable to unitholders was 6.77 cents per unit for the financial year ended 30 June 2011, down from 17.77 cents per unit in the prior corresponding period.