Lowell Resources Fund (AU:LRT) has released an update.
The Lowell Resources Fund (ASX: LRT) reported a slight decrease in its net asset value (NAV) per unit to $1.5719 in May 2024, reflecting a 2% decline from April’s figures, with a market price on the ASX at $1.43/unit. The fund made strategic investment moves, including increasing its stake in ADX Energy and participating in the IPO of Piche Resources, while ensuring cash reserves for upcoming distributions by selling various holdings. Unitholders are encouraged to consider the Distribution Reinvestment Plan (DRP) before the end of June, with the fund’s estimated distribution to be announced thereafter.
For further insights into AU:LRT stock, check out TipRanks’ Stock Analysis page.
