Latest Financial Services News

Pacific Current Group has rejected a non-binding offer from Roc Partners, citing valuation and shareholder fairness concerns, while continuing to review a separate proposal from River Capital involving a potential share issuance at $13 per share.

JPMorgan Asset Management has announced estimated September 2026 cash distributions for six of its equity premium income ETFs, with payments scheduled for mid-October.

Savana US Small Caps Active ETF (ASX:SVNP) reversed last year’s loss to deliver a AUD 1.37 million profit for FY 2026, lifting net assets to AUD 5.94 million amid steady investor inflows and solid US small cap equity performance.

S&P Dow Jones Indices has announced its September 2026 quarterly rebalance for the S&P/ASX indices, with significant reshuffling across major benchmarks effective before market open on September 21.

WCM Global Growth Limited (ASX:WQG) has confirmed its fully franked final dividend for Q4 FY2026 at 2.35 cents per share, with a Dividend Reinvestment Plan (DRP) issue price capped by pre-tax net tangible assets per share.

Argo Investments reported a stable $260.2 million profit for FY2026 with fully franked dividends rising to 38.5 cents per share. The LIC maintains a conservative investment approach, low costs, and strong governance as it marks 80 years.

Wilson Asset Management declared a 15.5 cents per share dividend for FY2026 despite a 10.5% portfolio loss, setting a cautious 8.0 cents dividend target for FY2027 amid macroeconomic headwinds.

Cadence Opportunities Fund Limited (ASX: CDO) has launched a Share Purchase Plan allowing eligible shareholders to buy up to $30,000 of shares at $2.21 each, a 3.5% discount to the closing price on 28 August 2026. Participants will receive upcoming fully franked dividends, with the offer closing on 17 September.

Centrepoint Alliance has completed its acquisition of a 51% controlling interest in SEQ Advice Group, initiating a phased ownership with deferred payments linked to future earnings.

The Progress 2021-1 Trust’s A$920 million Class A Floating Rate Notes were suspended from ASX trading after being redeemed, with the Trust set for removal from the official list.

Underwood Capital Limited (ASX:UWC) reported a net profit after tax of $0.193 million for FY2026, with net tangible asset backing per share inching up to 9.46 cents. Despite portfolio improvements and active share buybacks, the stock continues to trade below its net asset value.

Perpetual Limited has updated its dividend announcement to confirm that the default payment method is cash rather than reinvestment, with a 63-cent unfranked dividend for the period ending June 2026.