| Closed-End Company | As opposed to a managed trust, enabling us to have a long term view on investments without being concerned about fund redemptions. |
| High Value / Low Cost | Active, high conviction, no debt. No excessive portfolio management fees and no performance fees. MER of 0.17%. |
| Performance | Delivering sound returns plus dividend growth. |
| Experience | The Board and Portfolio Managers of BKI has 205 years of collective industry experience (average of 29 years); Average tenure at BKI being 11 years. |
| Alignment | Directors and Portfolio Managers are shareholders in BKI. We focus on dividend payments – not generating excessive fees. |
| Diversification | Exposure to well managed, dividend paying companies in a variety of industries. |
| Listed on the ASX | Transparency and Compliance, Continuous Disclosure requirements, High levels of Transparency and Compliance. |
| Size and Strength | Total Portfolio valued at ~$1.0bn. |
| Simplicity | An investment in BKI.ASX provides administration simplicity. |
| Liquidity | Shares trade on the ASX. 15,200 shareholders. Settlement T+2. |
| Governance | All Policies and Charters found on BKI Website: www.bkilimited.com.au/Corporate-Governance |
| Tax Effective Capital Management | Dividends are fully franked; tax credits passed on to shareholders. |
| Dividends | Over $500m or 1.29cps distributed to BKI shareholders in Dividends and Franking Credits since listing. |
| Special Dividends | 5 Fully Franked Special Dividends passed on to shareholders. |
| Positive Franking Balance | Franking Credit balance available to ensure future BKI dividends are fully franked (at tax rate of 30%) |
| Washington H Soul Pattinson and Company Limited | WHSP is the largest shareholder in BKI. Listed in 1903, WHSP is the second oldest listed company on the ASX and holds investments valued at ~5.0bn. Soul Pattinson has a deep understanding of the business universe through its diverse investment portfolio. |