Overview

Contango Income Generator Limited (ASX:CIE) is an income-focused, ex-top 20 listed investment company.

CIE’s stated objective is to pay quarterly dividends that provide investors with an attractive and sustainable income stream that is franked to the maximum possible extent. To the extent that the company is not able to pay a dividend, it undertakes to return an appropriate amount of capital to shareholders via an on-market buyback.

CIE’s investment manager focuses on selecting those companies that provide a consistent and growing source of dividends. CIE is characterised by a strong and diverse portfolio of companies outside of the ASX top-20 that exhibit sustainable cashflows and strong business models.

  • Highly franked yield
  • Tax-effective income
  • Expert investment management
  • ASX trading and CHESS statements
  • Diversified income
  • Income paid quarterly

Objectives

The performance of objective of the portfolio is:

  • to provide Shareholders with a sustainable income stream of dividends with some capital growth over time; and
  • to provide investors with diversification from the top 20 securities of the S&P/ASX 300 Index by market capitalisation.

More Information

Key Fund Info

Key Fund Facts

ASX Code CIE
Dividend Policy To generate sustainable dividend income while maximising franking where possible
Target franking 100%
Dividend Frequency Quarterly
Dividend Yield (net)* 4.86%
Dividend Yield (gross)* 6.68%
Management fee 0.95%

*Dividend Yield is calculated as the last four quarterly dividends attributable to the 12 months to 31 July 2020 relative to the closing share price of $0.82 at the beginning of the period

Announcements

DateDescriptionDocument
11/06/2020 Change of Director’s Interest Notice View
11/06/2020 Change of Director’s Interest Notice View
10/06/2020 Appendix 2A View
10/06/2020 Becoming a substantial holder View
09/06/2020 Update – Dividend/Distribution – CIE View
04/06/2020 Investment update and NTA statement 31 May 2020 View
22/05/2020 Change of Director’s Interest Notice View
20/05/2020 Dividend/Distribution – CIE View
20/05/2020 March 2020 Quarter Dividend View
07/05/2020 Investment update and NTA statement 30 April 2020 View
01/05/2020 Appendix 2A View
06/04/2020 Investment update and NTA statement 31 March 2020 View
18/03/2020 Mid-Month NTA 16 March 2020 View
16/03/2020 Change of Director’s Interest Notice View
16/03/2020 Change of Director’s Interest Notice View
05/03/2020 Investment update and NTA statement 29 February 2020 View
04/03/2020 Monthly NTA 29 February 2020 View
20/02/2020 Change in substantial holding from WLE View
20/02/2020 Change in substantial holding from WAM View
20/02/2020 Change in substantial holding from WAA View

Why Invest

High Yield

CIE’s dividend policy is to pay quarterly dividends that provide investors with an attractive and sustainable income stream that is franked to the maximum possible extent.

Diversification

The Company offers exposure to high yielding equities that are outside of the ASX top-20. This helps diversify away from holdings that are over-represented in many self-directed investors’ portfolios such as the Banks, Telstra and BHP.

Quarterly Income

Dividends are paid to investors quarterly, rather than half-yearly or annually.

Tax Effective

The Company is tax aware and aims to frank dividends to the maximum possible extent.

Key Personnel

Contango Asset Management Limited (ASX:CGA) is the manager of Contango Income Generator Limited (ASX:CIE). The Contango Income Generator invests in a portfolio of predominantly mid-cap Australian companies with a history of sustained dividend payments and modest capital growth. The portfolio is managed by Shawn Burns who has been the manager since inception.

The investment team conducts detailed research on each company in the portfolio with emphasis placed on balance sheet strength, cashflow generation, industry structure and management ability. Following this analysis, stocks are ranked based on risk and return. Risk is assessed using factors such as share price volatility, balance sheet strength, industry structure and management’s track record. Yield, franking, price to earnings and price to book ratios are some of the inputs considered for a stock’s potential return.

Shawn Burns

Senior Portfolio Manager

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Shishir Prajapati

Investment Analyst

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Fiona Wu

Investment Analyst

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Mark Kerr

Chairman & Non-executive Director

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Don Clarke

Non-executive Director

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Martin Switzer

Chief Executive Officer and Managing Director

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Shawn Burns

Senior Portfolio Manager

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Shishir Prajapati

Investment Analyst

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Fiona Wu

Investment Analyst

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Mark Kerr

Chairman & Non-executive Director

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Don Clarke

Non-executive Director

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Martin Switzer

Chief Executive Officer and Managing Director

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How To Invest

Contango Income Generator trades on the ASX under the ticker code ‘CIE’, so you can invest via your stock broker in the same way you would purchase any ordinary shares.

With a Full Service Broker
With a Full Service Broker

If you don’t have an existing Full Service Stockbroker relationship, visit the ASX website

With an Online Broker
With an Online Broker

Purchase shares directly through your online broker with the ticker code CIE

Through Your Financial Advisor
Through Your Financial Advisor

Contact your financial adviser to invest.

Not Sure?
Not Sure?

If you have any questions, please contact us on
1300 001 750 or email [email protected]