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How To Invest In Sylvastate
Investors may buy shares in Sylvastate
which trade on the Australian Stock Exchange through a stockbroker
with the stock exchange code for Sylvastate, SYL.
Sylvastate also offers a Dividend Reinvestment Plan, whereby
a shareholder may elect to receive their dividend in
shares rather than cash. Over recent years Sylvastate
has also offered an annual Share Purchase Plan, allowing
shareholders to acquire up to a further $5000 of shares.
The Company does not charge entry or exit fees when shareholders
acquire or dispose of their holdings, although transaction
costs will be borne when buying or selling through a stockbroker.
What are Listed Investment Companies?
LICs provide investors with
exposure to a professionally managed portfolio of assets
held by the company. These assets may include Australian
shares, international shares, fixed income securities, property,
and unlisted private companies. LICs’ investment approach
can range from a long-term value focus to more active trading
strategies. Shares in LICs trade on the ASX in the same manner
as any other company.
LICs provide investors with the ability to simply and cost-effectively
establish a diversified portfolio of asstes through a single
security and may be used to compliment other assets in
an existing investment portfolio. LIC's are typically able
to achieve lower operating costs through significantly
lower management fees than some other investment vehicles. Like
other shares, brokerage or an adviser’s fee may apply.
Over the long-term, a LIC's price may increase as
the value of its portfolio increases. Investors benefit
from regular dividends that are in most cases fully franked.
Many LICs use a long-term ‘buy and hold’ strategy.
This may offer special tax treatments on the sale of investments,
which can be passed onto investors.
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