CARDINAL is an investment holding company with a specific focus on acquiring midstream petroleum operations. In order to deliver tangible, underlying NAV to shareholders, the company includes the real estate connected to these types of operations in its investment criteria, whether it comes as part of an acquisition, or independently sourced and acquired excluding operations. Although the company’s initial focus is on acquiring SA operations, it has global aspirations. Investors in the company enjoy a combination of cash flow arising from petroleum sales, and security arising from net tangible assets (real estate). CARDINAL forecasts a dividend distribution of 12.80%. Contact daryl@cardinalph.co.za or ken@cardinalph.co.za for further information. Tel (+27) 21 552 2535