Latest Investment Companies News

An application to the Takeovers Panel challenges Duxton Farms’ recent merger and share placement, alleging undisclosed associations and potential breaches of takeover laws by major shareholders.

Atlas Arteria has announced a 20.0 cents per stapled security distribution for the first half of 2025, with payments scheduled for early October. The distribution reflects the company’s ongoing commitment to delivering steady returns from its international toll road assets.

Shareholders of Washington H. Soul Pattinson and Brickworks have overwhelmingly approved their respective Share Schemes, paving the way for a landmark merger pending court approval.

Duxton Dairies (Cobram) Pty Ltd (Duxton Walnuts) shareholders are set to vote on a scheme of arrangement for acquisition by Duxton Farms Ltd, with an independent expert concluding the merger is fair and reasonable. The transaction is part of a broader agricultural merger including Duxton Bees, Duxton Dried Fruits, and potentially Duxton Orchards.

Duxton Farms proposes a scheme of arrangement to acquire all preference shares of Duxton Orchards, offering scrip with optional cash consideration. An independent expert values the transaction as fair and reasonable, highlighting the strategic benefits of a larger, diversified agricultural platform.

Duxton Farms Ltd has announced a scheme of arrangement to acquire all issued preference shares of Duxton Dried Fruits Pty Ltd, offering a mix of scrip and cash consideration. An independent expert has assessed the transaction as fair and reasonable, endorsing the merger as a strategic step to create a diversified agricultural investment platform.

Duxton Farms proposes to acquire all preference shares of Duxton Bees via a scheme of arrangement, offering 0.839 Duxton Farms shares per Duxton Bees preference share, with up to 20% cash consideration. The independent expert values Duxton Bees preference shares between $0.64 and $0.85 on a control basis and considers the transaction fair and reasonable.

Australian United Investment Company Limited has updated its dividend announcement to include the Dividend Reinvestment Plan issue price, confirming a fully franked total dividend of AUD 0.28 per share for the period ending June 2025.

WAM Income Maximiser Limited has declared a fully franked dividend for September, reflecting robust portfolio growth since its April 2025 launch. The investment portfolio has outperformed benchmarks, positioning the company well for its income return targets.

Excelsior Capital reported a sharp fall in net profit after tax for FY25 despite a 74% rise in investment income, reflecting the absence of last year’s one-off asset sale gain. The company declared a higher fully franked final dividend, signalling confidence in its portfolio.

Queste Communications Ltd reported a modest profit for FY25, with consolidated results impacted by investment portfolio losses and strategic asset reclassifications. The company maintained a cautious stance, suspending dividends and executive salaries to manage overheads.

WAM Alternative Assets Limited has announced a 15.4% increase in its fully franked final dividend, reflecting robust portfolio gains and a confident outlook under Wilson Asset Management's stewardship.