6 June 2016
The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000
Electronic Lodgement
Australian Foundation Investment Company Limited
Monthly Net Tangible Asset Backing Per Share and Top 25 Investments
Dear Sir / Madam
Before Tax * After Tax *
31 May 2016 $5.68 $4.91
30 April 2016 $5.55 $4.81
*The before and after tax numbers relate to the provision for deferred tax on
the unrealised gains in the Company''s investment portfolio. The Company is a
long term investor and does not intend disposing of its total long term
investment portfolio. Under current Accounting Standards, the Company is
required to provide for tax on any gains that may arise on such a
theoretical disposal, after the utilisation of brought forward
losses.
These figures do not include the effects of any dilution that would arise
from the
conversion of the outstanding Convertible Notes.
Attached is a list of the Company''s Top 25 Investments as at 31 May 2016.
Yours faithfully
Andrew Porter
Company Secretary
End CA:00283522 For:AFI Type:NTA Time:2016-06-07 08:30:37