Latest Financial Services News

Magellan Asset Management has announced a special distribution of 11.00 cents per unit for its Magellan Global Opportunities Fund – Active ETF, offering investors a timely income boost alongside a reinvestment option.

The Supreme Court of New South Wales has approved the merger scheme between Washington H. Soul Pattinson and Brickworks, paving the way for a new ASX-listed entity, Topco. Shareholders will soon exchange their Soul Patts shares for Topco shares as trading transitions next week.

Tower Limited has raised its full-year profit guidance significantly, driven by lower-than-expected large event costs, even as it moderates its premium growth outlook.

DigitalX Limited reports a robust treasury valued at nearly A$98.5 million, with Bitcoin exposure rising to 502.3 BTC despite recent price swings. The company continues to leverage staking yields from Solana assets as part of its diversified digital asset strategy.

PRL Global Limited has extended its on-market share buyback program until December 31, 2025, signaling ongoing capital management efforts.

Euroz Hartleys has obtained an Australian Taxation Office Class Ruling confirming the tax treatment of its recent capital return, providing clarity for shareholders on how proceeds will be taxed.

NSX Limited has dispatched the Scheme Booklet to shareholders detailing the proposed acquisition by a CNSX-related entity, with a hybrid Scheme Meeting scheduled for 10 October 2025.

Regal Partners Limited has announced a fully franked ordinary dividend of AUD 0.06 per share for the six months ending June 2025, alongside confirmation of its dividend reinvestment plan price at AUD 2.70.

Alternative Investment Trust (AIQ) has successfully completed a 1 for 1 non-renounceable rights issue, issuing over 23 million new units and significantly increasing its cash reserves.

The Takeovers Panel has declined to conduct proceedings regarding Elanor Funds Management's concerns over disclosure in the LDR Assets takeover bid, as parties move to amend the bidder's statement.

The Takeovers Panel has declined to intervene in the Elanor Commercial Property Fund's takeover bid by LDR Assets, following resolution of disclosure concerns.

Washington H. Soul Pattinson sought shareholder approval for a significant performance rights grant to its proposed Topco CEO, Todd Barlow, receiving overwhelming proxy support at its recent General Meeting.