Latest Investment Management News

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.

LDR Assets Pty Ltd has initiated an off-market takeover bid for all stapled securities in the Elanor Commercial Property Fund (ECF), offering $0.70 cash per security, representing a premium over recent trading prices and net tangible asset backing. The offer opens on 11 September 2025 and is set to close on 13 October 2025.

Shareholders of Washington H. Soul Pattinson and Brickworks have overwhelmingly approved their respective share schemes, paving the way for a major merger and new leadership incentives.

LDR Assets, controlled by the Lederer Family Office, has made a $0.70 per security cash offer for Elanor Commercial Property Fund, representing a premium to recent trading prices and net tangible asset backing. The bid highlights concerns over ECF's financial performance and Elanor Investors Group's solvency risks, with plans to overhaul management post-acquisition.

LDR Assets Pty Ltd, controlled by the Lederer Family Office, has made an off-market takeover bid for all stapled securities of the Elanor Commercial Property Fund (ECF) at $0.70 cash per security, offering a premium over recent trading prices and net tangible asset backing. The bid follows concerns about ECF’s declining financial performance and signals potential management changes and delisting.

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.

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.

Washington H. Soul Pattinson shareholders convened to approve a transformative merger with Brickworks, aiming to simplify structure and boost portfolio diversification under a new entity, Topco.

VGI Partners Global Investments has completed its on-market share purchases under the Dividend Reinvestment Plan, updating investors with a new Appendix 3A.1 filing.

Tribeca Global Natural Resources has initiated on-market share purchases under its Dividend Reinvestment Plan, setting a price ceiling aligned with its recent net tangible asset valuation.

West Wits Mining has secured a $12.5 million USD loan facility from Nebari to fast-track development of its Qala Shallows Gold Project in South Africa, aiming for first gold production in early 2026.

Ausbil Investment Management has launched the Ausbil Active Dividend Income Fund – Active ETF, targeting tax effective income and potential capital growth through an actively managed Australian equities portfolio. The Fund will trade on the ASX AQUA market under ticker DIVI, featuring a 0.85% management fee and monthly distributions.