Latest Financial Services News

Pengana Global Private Credit Trust (ASX – PCX) has announced an $82 million entitlement and shortfall offer at $2.00 per new unit, targeting a 7% annual cash distribution yield. The Trust offers diversified exposure to global private credit funds, primarily in the US and Europe, managed by Pengana Credit with Mercer Consulting as investment consultant.

Nationwide Building Society has confirmed it has largely complied with its post-offer intentions following its acquisition of Virgin Money UK PLC, with a previously disclosed exception.

BlackRock Investment Management (Australia) Limited has announced estimated cash distributions for a suite of Australian domiciled iShares ETFs, outlining key dates and reinvestment options for investors.

NTAW Holdings has secured an extension on its financial covenant waiver from Commonwealth Bank, easing short-term borrowing pressures while continuing debt repayments.

Betashares Capital Ltd has released updated final distribution amounts for its suite of ETFs for the September 2025 period, including estimated franked percentages for select funds.

Vanguard Investments Australia has announced estimated distribution amounts and a clear timetable for over 20 of its Australian-listed ETFs, with payments scheduled for mid-October 2025.

Platinum Capital Limited’s extraordinary general meeting on 1 October 2025 saw shareholders appoint three L1 Capital nominees to the board while rejecting Wilson Asset Management’s candidates, setting the stage for a potential change in investment management.

Platinum Asset Management has finalized its merger with L1 Capital, issuing over 1.65 billion new shares and announcing a rebrand to L1 Group Limited alongside significant board changes and share escrow arrangements.

Betashares Capital Ltd has announced the final distribution amounts payable for September 2025 across a broad suite of its ETFs, providing key dates and reinvestment plan details for investors.

Vanguard Investments Australia has announced estimated distribution amounts for 20 of its ETFs, with payments scheduled for mid-October 2025. Investors can expect detailed income figures across Australian and international equity and fixed income funds.

Global X Management (AUS) Limited has released updated estimated distribution amounts for 12 of its ETFs listed on the ASX AQUA Market, covering the September 2025 period. The announcement includes key dates and confirms distribution reinvestment plan eligibility for all funds.

Australian Unity Limited has appointed Kelly Bayer Rosmarin as its next Group Managing Director and CEO, succeeding Rohan Mead after his 21-year tenure. Bayer Rosmarin’s leadership is expected to drive the company’s strategic transformation and growth in wellbeing services.