Key Takeaways
- • Alternative Investment Trust (AIQ) acquired 3,351 ordinary units on 24 July 2026 at AUD 1.51 per unit, representing AUD 4,590.87 in total consideration as part of its on-market buy-back programme.
- • The trust has now repurchased a cumulative total of 3,116,650 units since the buy-back commenced in September 2022, leaving only 46,191 units remaining under the maximum authorised limit of 3,166,192 units.
- • The buy-back programme, representing approximately 10 per cent of total units on issue (31,661,920 units), is scheduled to conclude on 4 September 2026, with Koda Capital executing transactions via Openmarkets.
- • This capital management initiative is designed to return value to unitholders through systematic unit repurchases, reducing the total unit count and potentially enhancing net tangible asset backing per remaining unit.
Summary
Alternative Investment Trust, listed on the Australian Securities Exchange under code AIQ, continues execution of its on-market unit buy-back programme with the acquisition of 3,351 ordinary units on 24 July 2026. The units were purchased at AUD 1.51 per unit, generating total consideration of AUD 4,590.87. This daily repurchase is part of the trust's broader capital management strategy designed to optimise its capital structure and deliver value to remaining unitholders.
The buy-back programme commenced on 9 September 2022 and is authorised to repurchase up to 3,166,192 ordinary units fully paid, representing approximately 10 per cent of the trust's total units on issue of 31,661,920 units. To date, the trust has acquired a cumulative total of 3,116,650 units, leaving only 46,191 units remaining available for purchase under the maximum authorised limit. This near-completion status reflects sustained execution of the capital management initiative over a four-year period.
The buy-back is scheduled to conclude on 4 September 2026. Koda Capital is executing the on-market transactions via Openmarkets, providing systematic liquidity management for the repurchase programme. Following acquisition, the units are subsequently cancelled, permanently reducing the unit count in circulation. This structure supports the trust's objective of enhancing capital efficiency while maintaining flexibility in execution within the authorised parameters and timeline.
The buy-back programme commenced on 9 September 2022 and is authorised to repurchase up to 3,166,192 ordinary units fully paid, representing approximately 10 per cent of the trust's total units on issue of 31,661,920 units. To date, the trust has acquired a cumulative total of 3,116,650 units, leaving only 46,191 units remaining available for purchase under the maximum authorised limit. This near-completion status reflects sustained execution of the capital management initiative over a four-year period.
The buy-back is scheduled to conclude on 4 September 2026. Koda Capital is executing the on-market transactions via Openmarkets, providing systematic liquidity management for the repurchase programme. Following acquisition, the units are subsequently cancelled, permanently reducing the unit count in circulation. This structure supports the trust's objective of enhancing capital efficiency while maintaining flexibility in execution within the authorised parameters and timeline.
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