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W | A | M Alternative Assets Access to unique opportunities beyond traditional assets . 2021 Half Year Results Chairman's update Michael Cottier • 38.9 % total shareholder return for the half to December 2020 $ 209.9m of gross assets 23.0 % reduction in the share price discount to NTA Portfolio update Dania Zinurova Two new investment partners Palisade Investment Partners PALISADE Specialist infrastructure fund manager Barwon Property Funds Management III BARWON Boutique real estate fund manager The Company marked a major milestone during the period , joining the Wilson Asset Management family of listed investment companies ( LICs ) in October 2020 and being renamed WAM Alternative Assets . The positive management transition to Wilson Asset Management was reflected in the significant decrease in the share price discount to net tangible assets ( NTA ) . As at 31 December 2020 , the share price discount to NTA was 10.7 % , a 23.0 % reduction from the 30 June 2020 discount of 33.7 % . Together with the 3.0 cents per share final dividend paid to shareholders during the period , total shareholder return for the Company during the six months to 31 December 2020 was 38.9 % . The Board of Directors resolved to cancel the on - market share buy - back program as a result of the narrowing of the share price discount to NTA . The Board of Directors is pleased that the investment portfolio increased 3.6 % since the appointment of Wilson Asset Management and 3.7 % in the six months to December 2020 . The Board of Directors is pleased to deliver a fully franked interim dividend of 1.0 cent per share that will be paid on Friday 30 April 2021 . The record date is Thursday 8 April 2021 and the shares will trade ex dividend on Traditionally , retail investors have been underweight alternative assets due to large minimum investment sizes , the complexity of the assets , market inefficiency or lack of Wednesday 7 April 2021. The Dividend Reinvestment Plan ( DRP ) will be in operation for the interim dividend and shareholders can elect to participate in the DRP up until Friday 9 April 2021 . The performance of WAM Alternative Assets has been driven by positive revaluations in the current period , with improved performance from the private equity portfolio as the underlying businesses adapted to an environment with coronavirus restrictions . We continue to see significant opportunities within alternative assets and are excited about existing and new investment partnerships . During the period , we witnessed a significant increase in the valuation of our investment in the Better Medical Fund , a group of mixed billing family medical clinics around Australia . In December 2020 the underlying manager , Fortitude Investment Partners , moved to exit the Better Medical business . The sale transaction has now completed and we have received the proceeds . We look forward to delivering on our commitments , providing retail investors with exposure to a high - quality portfolio of alternative assets and returning the share price to a premium to NTA . leveraging strucutal shifts in society , such as the digitalisation of the economy . As societies and economies embrace access . We are pleased to offer retail investors digitalisation at growing rates , demand for the opportunity to invest in alternative asset strategies with a diversified portfolio of private equity , real assets and real estate exposure in a listed investment company structure . Alternative assets have very specific investment characteristics that define them from other asset classes , such as inflation hedge , strong income return , capital appreciation , and strong diversification benefits . We see significant opportunities for investors to gain exposure to this crucial and compelling investment class . Investors in alternative assets have long - term exposure to illiquid assets , and therefore the consideration of macroeconomic factors and societal trends is a key driver of success . Our investment strategy seeks to identify these megatrends that possess strong tailwinds , digital infrastructure has increased , number of investments in our private equity representing an exciting opportunity . A portfolio are poised to benefit from a rapidly digitalising society and economy , including a leading e - commerce enabler in Southeast Asia , which acts as the critical technology platform layer for brands to participate in digital commerce in the region . Southeast Asia remains the world's fastest growing internet market , driven by first - time consumers coming online primarily via mobile devices . We continue to see significant opportunities within alternative assets that meets our rigorous investment process . We are currently exploring new opportunities in private debt , infrastructure and some real estate sectors . W | A | M Alternative Assets ABN 47 168 941704 Telephone . +61 2 9247 6755 Fax . +61 2 9247 6855 info @ wilsonasset management.com.au wilsonassetmanagement.com.au