New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Equity Bottom-Up

<ul><li>Infratil (IFT) has announced it is acquiring TECT's 4.9% stake in Contact Energy (CEN) for NZ$438m.</li><li>We expect this deal to contribute positively to parent-level free cashflow over the medium term (~+NZ$5m by FY30) as CEN's dividend grows.</li><li>CDC indicated it is in 'constant dialogue' with OpenAI.</li></ul>

Infratil (IFT) has announced it is acquiring TECT's 4.9% stake in Contact Energy (CEN) for NZ$438m.We expect this deal to contribute positively to parent-level free cashflow over the medium term (~+NZ$5m by FY30) as CEN's dividend grows.CDC indicated it is in 'constant dialogue' with OpenAI.

United States

OpenAI, L.P. operates as a software company. The Company specializes in AI research and deployment that aims to ensure that artificial general intelligence benefits all of humanity. OpenAI serves customers worldwide.

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OpenAI (2193707D US)

Infratil - Contacting OpenAI

We expect this deal to contribute positively to parent-level free cashflow over the medium term (~+NZ$5m by FY30) as CEN's dividend grows.

Forsyth Barr

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