Features of Mirrabooka

Shareholders have immediate access to:

  • A well diversified portfolio of small to mid cap companies; and
  • 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 Mirrabooka shares through a stockbroker.
  • Low managements fees relative to similar funds which focus on the small to mid cap area of the stock market - 0.61% for the financial year to 30 June 2019
  • Effective capital management.
  • Simplified taxation structure for shareholders, because Mirrabooka 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 passed straight through to shareholders in February and August of each year. Certain Australian share holders can also claim a tax benefit where the dividend is sourced from a LIC capital gain:
    Unit trusts on the other hand typically have many components of income in their distributions like fully franked dividends, concessional capital gains tax, short-term capital gains, tax deferred components. All of which add to the complexity to unit holders tax returns.
  • An active approach to keeping shareholders informed about the Company's activities and performance, including yearly and half yearly profit announcements and access to all company announcements, including net tangible asset announcements.