Latest Financial Services News

Australian Foundation Investment Company Limited has extended its on-market buy-back facility for another year, updating broker details and increasing the maximum shares to be repurchased as part of ongoing capital management.

AMCIL Limited has refreshed its on-market buy-back facility for another 12 months, appointing Morgans Financial Limited as broker and setting a maximum purchase of over 31 million shares.

Perennial Investment Management Limited has announced an estimated monthly distribution of 1.785 cents per unit for January 2025 for the Perennial Income Generator Fund (ASX: EIGA), outlining key dates and options for unitholders.

DigitalX Limited has completed the placement of all shortfall shares from its recent rights issue, raising a total of approximately $5.09 million and attracting new supportive shareholders. The company is deploying these funds to expand revenue-generating staking activities within the digital asset space.

Brookfield Capital Partners has submitted a non-binding proposal to acquire Insignia Financial at A$4.60 per share, matching rival offers and setting the stage for a competitive bidding process.

Kelly Partners Group Holdings Limited reported a robust 22.8% revenue increase to $64.9 million in the first half of 2025, underpinned by strategic acquisitions and international expansion, particularly in the US market.

Betashares Mrtn Currie Real Income Fund (RINC) units were suspended from trading on the ASX on 4 February 2025, following a prior announcement in December 2024. This suspension marks a significant operational shift for the managed fund.

Macquarie Investment Management Australia Limited has announced a final distribution of 3.9 cents per unit for its Income Opportunities Active ETF for the period ending 31 January 2025, alongside key dates for distribution and reinvestment options.

Pinnacle Investment Management Group has announced a 33-cent per share dividend for the half-year ending December 2024, offering shareholders a fully franked payout option and a Dividend Reinvestment Plan.

Pinnacle Investment Management Group Limited has reported a remarkable 151% increase in net profit after tax for the first half of FY2025, driven by strong performance fees and significant growth in funds under management. The firm’s strategic international acquisitions and diversified affiliate platform underpin its robust outlook amid ongoing market uncertainties.

Pinnacle Investment Management Group Limited has reported a remarkable 150.5% increase in net profit for the half year ended 31 December 2024, alongside a 16.7% rise in revenues and a healthy interim dividend announcement.

JPMorgan Asset Management has updated its February 2025 cash distribution amounts for several of its equity premium income ETFs, reinforcing its commitment to delivering steady income streams to investors.