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Showing 41 - 50 of 106 results for "Income Trust"

WAM calls to remove Aurora as RE of listed trust

ALEX BURKE  |  TUESDAY, 20 FEB 2018
... Before calling for the meeting, WAM also lodged a redemption request for all of the units held in the Aurora Global Income Trust (AIB), prior to any units allotted under the dividend reinvestment plan. Aurora said it was "considering the validity of ...

Perennial to launch active income ETF

ALEX BURKE  |  THURSDAY, 15 FEB 2018
... diversification, accessed through an efficient, low-cost listed structure." The ETMF is based on Perennial's Value Shares for Income Trust, which launched in 2005 and delivered an 8% gross distribution yield after fees per annum. Its lead portfolio manager ...

RNY wind-up sought as ASIC blocks Aurora move

ALEX BURKE  |  TUESDAY, 9 JAN 2018
... followed Aurora terminating its chief financial officer after $1 million vanished from the Aurora Property Buy-Write Income Trust (AUP). In December, Aurora announced it had traced the missing money to its former parent company, SIV Asset Management ...

Financial Standard's top stories of 2017

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... its chief financial officer after $1 million was withdrawn from the bank account of the Aurora Property Buy-Write Income Trust (AUP) "without proper authority". Terminated chief financial officer Betty Poon's involvement in the withdrawal is unclear ...

RNY unitholders left unpaid after Aurora scandal

ALEX BURKE  |  WEDNESDAY, 29 NOV 2017
... Monday that due to the unauthorised withdrawal of $1 million from the bank account of the Aurora Property Buy-Write Income Trust (AUP), some RNY unitholders may have their payment delayed. Despite this, Aurora said completion of the takeover would not ...

Aurora CFO terminated as $1m vanishes from listed trust

ALEX BURKE  |  MONDAY, 27 NOV 2017
... Victoria Police, where it is currently under investigation. The vehicle in question is the Aurora Property Buy-Write Income Trust (AUP), which is currently in the process of taking over the RNY Property Trust. Aurora said this incident should not affect ...

WAM enters the fray for Molopo takeover

ALEX BURKE  |  THURSDAY, 9 NOV 2017
... has since made a takeover bid for all of HHY's ordinary units such that they would be merged with the Aurora Global Income Trust (AIB), for which Aurora is also RE. Aurora explained that by merging the two funds, investors would be provided with a larger ...

Aurora finalises Hastings takeover bid

ALEX BURKE  |  MONDAY, 23 OCT 2017
... ordinary units in the Hastings High Yield (HHY) Fund. Acting as the responsible entity for both the Aurora Global Income Trust (AIB) and HHY, Aurora closed the takeover bid on October 13. The terms of the bid, which was declared free of defeating conditions ...

Perpetual trustee business wins mandate

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
... Partners has appointed Perpetual Corporate Trust to provide corporate trustee services to its $2 billion MCP Master Income Trust. "We are delighted to be appointed RE of Metrics' new listed investment trust, which will provide a rare opportunity for ...

Westpac chair joins boutique manager board

KARREN VERGARA  |  MONDAY, 18 SEP 2017
... trajectory." In August the North-Sydney based fund manager launched its first listed investment trust, the MCP Master Income Trust, to retail investors. The trust is scheduled to list on the ASX on October 9 and will provide investors an exposure to ...