Cadence Opportunities Fund Ltd. (AU:CDO) has released an update.
Cadence Opportunities Fund Ltd. reports a successful financial year with a 10.8% increase in the fund and a $2.3 million profit after tax, attributing gains to strong performers like Meta Platforms and Netflix. Shareholders are rewarded with a 7.0 cent fully franked year-end dividend, translating to an attractive 7.8% yield, and the company signals a share buy-back plan when prices are below pre-tax NTA. Amidst market volatility, the fund adopts a cautious stance, increasing cash reserves in anticipation of ongoing economic uncertainties.
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