Marlin Global Limited (NZX:MLN) has released its newsletter for the quarter 1 April 2020 – 30 June 2020. It gained 21.3 per cent (gross performance) for the quarter, and the Adjusted NAV increased by 18.3 per cent. Global benchmark increased by 16.2 per cent.
MLN reported that unprecedented economic shutdowns led to strong companies getting more robust, and weak businesses getting weaker, and some businesses have failed altogether.
A dividend of 1.94 cents per share was paid to Marlin shareholders on 26 June 2020, under the quarterly distribution policy. Interest in Marlin’s dividend reinvestment plan (DRP) remains high, with 40 per cent of shareholders participating in the plan.