Pinnacle Investment Management Group Limited (Pinnacle) reports that six of its Affiliates have earned performance fees for the six months ended 31 December 2022.

These fees totaled approximately $3.0 million in total before tax.

Pinnacle's net share of these fees was in the order of $950,000.

Principal Investments for the period totaled approximately $163 million, with a net return of positive $3.8 million.

Auditor-reviewed half-year financial results, together with additional information, are scheduled to be released after market close on 1 February 2023.