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L1 Long Short Fund Limited (ASX:LSF)

ALERT: Price-sensitive ASX Announcement for LSF
Current share price for LSF : $4.700 0.6 (14.63%)+
Announcement
Release
21 May 2026 8:57AM
Price at Release
$4.100
Full Release
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Summary
In the shareholder letter dated 21 May 2026, L1 Long Short Fund Limited (LSF) expressed gratitude for the continued support of its investors and reported robust investment performance. As of 31 March 2026, the company achieved a net return of 44.7% over the past year, significantly outperforming the ASX200AI benchmark. Consistent dividend growth has been observed since the first declaration in February 2021, with LSF now paying dividends quarterly. The company declared a fully franked dividend of 3.7 cents per share payable on 22 June 2026. Shareholders are encouraged to participate in the Dividend Reinvestment Plan (DRP), offering options to reinvest dividends without transaction costs. The letter emphasizes the Board and Investment Manager's commitment to enhancing shareholder value and maintaining strong financial performance.
Key Points
  • LSF achieved a net return of 44.7% over the last 12 months as of 31 March 2026.
  • The company's dividends have been increasing since the first declaration in February 2021.
  • LSF declared a fully franked dividend of 3.7 cents per share payable on 22 June 2026.
  • The Dividend Reinvestment Plan (DRP) is available for shareholders, allowing dividend reinvestment without transaction costs.
  • The company has been paying dividends quarterly starting FY26.
  • The Board and Investment Manager are committed to enhancing shareholder value.
  • LSF outperformed the ASX200AI benchmark significantly.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.