MFF Capital Investments : Appendix 4E 2022 Full Year Results & Dividend

Level 36, 25 Martin Place

Sydney NSW 2000 AUSTRALIA

only	General:	[phone]
Facsimile: [phone]
	Website:	www.mffcapital.com.au
	ABN:	32 121 977 884
27 July 2022
Company Announcements Office
Australian Securities Exchange Limited
Level 4, Exchange Centre
20 Bridge Street
Sydney NSW 2000
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ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2022
MFF Capital Investments Limited ("MFF") hereby lodges the following documents relating to the year ended 30 June 2022:
personalFor

• Appendix 4E; and

• Annual Report incorporating the Chairman's Letter, Portfolio Manager's Report and Annual Financial Report.

Y urs sincerely,

Authorised by

Marcia Venegas | Company Secretary

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7 October 2022

10 October 2022

11 October 2022

4 November 2022

4.0

3.5

Franked at 30% Cents per ordinary share

4.0

3.5

Cents per ordinary share

Appendix 4E

MFF Capital Investments Limited

ABN 32 121 977 884

Annual Report

Results for Announcement to the Market for the year ended 30 June 2022

						30 Jun 2022	30 Jun 2021
						$'000	$'000
T tal Net Investment Income/(Loss)	Down by	174%	to	(235,689)	317,892
	Net Profit/(Loss) After Income Tax Expense	Down by	179%	to	(170,779)	217,525
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						30 Jun 2022	30 Jun 2021
						$'000	$'000
	N t Assets	Down by	11%	to	1,424,936	1,593,562
	Net Tangible Assets ("NTA") Per Ordinary Share
use				30 Jun 2022	30 Jun 2021
			$2.744	$3.279
	Pre-tax NTA per ordinary share
	Net tax (liability) / asset per ordinary share				($0.306)	($0.474)
	Post-tax NTA per ordinary share				$2.438	$2.805
	Dividends
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Brief explanation of results:

Final dividend

Interim dividend (paid 13 May 2022)

Final dividend dates:

Ex-dividend date:

Record date:

DRP election date:

Payment date:

The Dividend Reinvestment Plan ("DRP") will operate in respect of the final dividend and no discount will be applied.

The Company recorded a pre-tax loss of $244,061,000 (June 2021: pre-tax profit $310,704,000) and a net loss after income tax of For$170,779,000 (June 2021: $217,525,000 profit) for the period ended 30 June 2022. Basic earnings/(Loss) per share were (29.57)

cents (June 2021: 38.92 cents). The loss reflects the negative movements in the market value of the Company's investments in the second half of the period.

The Company reported pre-tax net tangible assets ("NTA") of $2.744 per ordinary share (before net tax liabilities of $0.306 per ordinary share) as at 30 June 2022 compared with $3.279 per ordinary share (before net tax liabilities of $0.474 per ordinary share) as at 30 June 2021. The Company also reported a post-tax NTA of $2.438 per ordinary share as at 30 June 2022 compared with $2.805 per ordinary share as at 30 June 2021.

On 27 July 2022, the Directors declared an increased fully franked final dividend, for the period ended 30 June 2022, of 4.0 cents per ordinary share (June 2021: fully franked final dividend of 3.5 cents per ordinary share), which will be paid on 4 November 2022. The Directors also reiterated their intention to increase the rate of the six monthly dividend from the current rate of 4.0 cents per ordinary share to 4.5 cents per ordinary share for the 2023 interim dividend and to 5.0 cents per ordinary share thereafter, subject to corporate, legal and regulatory considerations, with continued operation of the DRP (at zero discount).

Further details on the results are included in the Annual Report.

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Appendix 4E

Financial Report

This report is based on the 30 June 2022 Annual Report which has been audited by Ernst & Young.

For personal use only

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onlyuse personalForMFF Capital Investments Limited

Annual Report

For the year ended 30 June 2022

ABN 32 121 977 884

Contents

Chairman's Letter

Directors' Report

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Auditor's Independence Declaration
Portfolio Manager's Report
Financial Statements
Statement of Profit or Loss and Comprehensive Income
Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Financial Statements
use	1.	Basis of Preparation
2.	Dividends
personal	3.	Income Tax
4.	Cash and Cash Equivalents, and Net Interest Bearing Borrowings
5.	Receivables
	6.	Investments and Derivatives
	7.	Payables
	8.	Contributed Equity
	9.	Earnings per Share
	10.	Auditor's Remuneration
	11.	Capital and Financial Risk Management
	12.	Related Parties
	13.	Research and Services Fees
	14.	Net Tangible Assets per Ordinary Share
	15.	Contingent Assets, Contingent Liabilities and Commitments
	16.	Segment Information
For	17.	Subsequent Events

Directors' Declaration

Independent Auditor's Report

Share and Option Holder Information

Corporate Information

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MFF Capital Investments Limited | Annual Report

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