InvestorDaily incorrectly stated this morning that National Australia Bank (NAB) had increased its holdings in Contango Capital Partners (CCQ) through its subsidiary National Nominees.
In fact National Nominees holds a holds 9.3 per cent in Contango MicroCap (CTN).
The change in National Nominees holding actually relates to changes in custody arrangements, which gave rise to changes in Nominees companies rather than to changes in underlying share ownership.
Contango Asset Management manages the portfolio of CTN, which invests in listed microcap Australian companies. Contango Asset Management also manages the assets of CCQ.
CCQ was established in May 2007 to invest in unlisted and listed financial services companies in Australia and Asia.
