Plato Income Maximiser (PL8) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders, introduced board members, confirmed a quorum, and outlined the agenda including the chair's address, formal business, investment manager's report, and Q&A session.

Financial performance review

• Net assets grew from AUD 326 million at listing to AUD 891 million as of October 2025, with shareholder numbers rising from 5,618 to 13,238.

• Portfolio total return since inception was 10.7% p.a. to June 2025 and 10.3% p.a. to October 2025, with TSR at 8.7% and 8.5% p.a. respectively.

• Dividends paid since inception, including franking credits, total AUD 74.6 cents per share.

• MER (excluding management fee) reduced from 0.18% to 0.11% due to economies of scale.

• Share price has consistently traded at a premium to NTA.

Dividend announcements

• Monthly fully-franked dividend has remained stable at AUD 0.0055 per share since October 2017, with special dividends paid in May 2019, May 2022, and for the fifth anniversary.

• Dividend stability maintained despite declining ASX yields, attributed to active management.