PIA Increases Quarterly Dividend

Claire News

On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked. This compares to the total dividends of 5 cents per share in …

AFI Announces FY21 Results – Maintains Final Dividend

Claire News

AFI has released its FY21 results. The Company reported a decline in total revenue of 0.6% to $262.8m. Dividends and distributions generated by the portfolio was largely unchanged from the pcp, with the decline in revenue driven primarily by a decline in interest income from deposits. Before allowing for the final dividend, the pre-tax NTA per share of the Company …

WLE Announces Entitlement Offer

jamesmacpherson News

On 13 July 2021, WLE announced a pro-rata non-renounceable entitlement offer to raise up to $241.2m. Shareholders who participate in the offer will receive 1 new share for every 5 shares owned on the record date of 19 July 2021. Shares will be issued at a price of $1.44, equal to the pre-tax NTA as at 30 June 2021 and …

WHF Seek to Raise up to $80m through Institutional Placement

jamesmacpherson News

Whitefield Ltd (ASX: WHF) is seeking to raise up to $80m through a placement to institutional investors. Shares will be issued at $5.56 per share, which reflects the estimated Pre-Deferred Tax NTA of WHF at 13 July 2021. The total number of shares issued will not exceed 14.4m. The Company also expects to provide existing shareholders the opportunity to purchase …

MIR Maintains Final Dividend and Declares a Special Dividend

jamesmacpherson News

MIR has announced the payment of a final dividend for FY21 of 6.5 cents per share, fully franked, in line with the previous final dividend. The Company has also announced the payment of a special dividend of 2 cents per share, fully franked, in addition to the final dividend, taking the total dividends for FY21 to 12 cents per share. …

CIE to Change Name to WCM Global Long Short Limited

jamesmacpherson News

Contango Income Generator Limited (ASX: CIE) has announced that shareholders have voted in favour of changing the name of the company to WCM Global Long Short Limited. Shareholders have also voted in favour of a buy-back of the the 69.6% of shares owned by WAM at a price equal to the pre-tax NTA as at the close of 30 June …

MHH to Transition to ETMF

jamesmacpherson News

Magellan High Conviction Trust (ASX: MHH) has announced its intention to transition from a closed-ended LIT to an Exchange Traded Managed Fund (ETMF), also known as an Active ETF. If approved at a unitholder meeting to be held in September 2021, the ETMF will employ the Single Unit (dual registry) structure that allows for investors to buy and sell units …

NBI Confirms FY22 Target Distribution of 4.75% p.a.

jamesmacpherson News

NBI Global Corporate Income Trust (ASX: NBI) has confirmed the Target Distribution for FY22 of 4.75%p.a (net of fees and expenses) on the NAV per unit as at 1 July 2021 ($2.03). This is an increase on the FY21 Target Distribution of 4.5%. NBI exceeded the FY21 Target Distribution with an actual distribution rate of 5.2% with the Manager noting …

QRI raises $12.7m through Unit Purchase Plan

jamesmacpherson News

Qualitas Real Estate Income Fund (ASX: QRI) has raised $12.7m through a Unit Purchase Plan which closed on 29 June 2021. Units were issued at a price of $1.60 per unit. QRI units were trading at $1.62 per unit at the close of the offer. The new capital raised will be invested in accordance with QRI’s investment strategy. The new …