Milton Corporation Limited is an Australian
listed investment company
A listed investment company (LIC) is an Australian '' closed-end'' collective investment scheme similar to investment trusts in the UK and closed-end funds in the United States. Instead of regularly issuing new shares or canceling shares as investo ...
.
Milton was founded in 1938 and listed on the
Sydney Stock Exchange in 1958. Its chairman is Robert Millner and its managing director is Frank Gooch. It invests in Australian listed equities, trusts, interest bearing securities and real property. The focus of the company is in investing on a long term basis with the objective of deriving dividend income which it passes on to its own shareholders.
It is based in
Sydney, Australia. In June 2021, it agreed terms to be taken over by
Washington H Soul Pattinson.
Merger with Milton Corporation Limited to create a larger, more diversified and unique ASX company
Washington H Soul Pattinson 22 June 2021
References
{{Reflist
Companies formerly listed on the Australian Securities Exchange
Investment companies of Australia
Australian companies established in 1938
Australian companies disestablished in 2021