BIF - Valuation Update
BIF – Valuation adjustment for Booster Innovation Fund
14 May 2026
Booster Investment Management Limited (the “Manager”) as manager of the Booster Innovation Fund
(the “Fund”) has been informed by one of the businesses in the Fund’s investment portfolio, that it is
undertaking a capital raise to accelerate growth opportunities and advance its international expansion.
This capital raise is at a lower company valuation than currently reflected in the Fund’s holding value.
Consistent with the Fund’s valuation policy, the impact of this proposed capital raise has been reviewed
by the Manager who considers a valuation decrease is warranted at this time. As a result, Booster has
decreased its assessment of the net asset value of the Fund by $719,000, or 2.8% (net of an allowance for
any performance fees and tax), resulting in a net asset value per unit of approximately $1.52 (which
compares with the latest net asset value per unit of $1.56). This adjustment will be reflected in the 13
May 2026 unit price of the Fund, which will be issued on 15 May 2026.
Due to confidentiality restrictions, Booster cannot name the business concerned.
Investors can continue to purchase or sell units in BIF on the NZX but are cautioned to consider the
impact of this announcement when assessing a fair price for the transaction.
For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300
About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of
the Booster Group which has been helping New Zealanders save since 1998. The group currently
administers superannuation and investment funds of over $8 billion on behalf of more than 200,000 New
Zealanders.
BIF is a managed investment fund that invests in early-stage companies founded on intellectual property
originated or developed in New Zealand.
For more information, including a copy of the Product Disclosure Statement, please visit
www.booster.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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