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Showing 681 - 690 of 2289 results for "Premium"

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
An $8.5 billion industry superannuation fund is increasing the cost of insurance premiums paid by members. Australian Catholic Superannuation and Retirement Fund is upping the cost of its death and total and permanent disablement unitised cover as it ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
Challenger is raising up to $300 million to add to its balance sheet and will invest further in investment grade fixed income. The institutional placement of $270 million is priced at $4.89 per share for about 55.2 million new shares representing 9% ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... are expressed as annual rates per $1000 of amount insured. (Number of days in the month/365.25) x (Amount Insured/1000 x Premium Rate)," the fund said in a notice to members. Defence Force personnel are paid employer contribution to superannuation at ...

Centuria launches takeover bid

ALLY SELBY  |  MONDAY, 15 JUN 2020
... security in Centuria. Based on the five day VWAP for Centuria, this is an offer price of NZD$1.00 per Augusta share, a 46% premium to the closing price of NZD$0.69 on Friday, June 12. Prior to the COVID-19 crash in mid-February, Augusta was trading at ...

Zenith defends LICs/LITs

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... by adopting a longer term view. "The difference in annual returns based on whether a vehicle trades at a discount or a premium tends to vary materially in the short term (one year)," Zenith said. "However, when the holding period is expanded out to five ...

Iress opens retail capital raise

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... share, valuing the firm at $107 million. The firm's board unanimously recommended the offer, which was priced at a 67% premium to the OneVue's closing price on May 28 and a 19% premium to its 12 month VWAP. At the time, Iress chief executive Andrew Walsh ...

WAM responds to Keybridge claims

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... make an offer to the 96 shareholders who were impacted by WAM's actions. He had intended to pay 7.0 cents per share, a premium to the 6.9 cents that shareholders would receive by selling into WAM Active's takeover bid, it said. WAM said the offer contains ...

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
Madison Financial Group is set to be owned by Clime Investment Management, after a share sale deed was signed yesterday, as first reported by Financial Standard early this morning. OneVue this morning said the sale includes Madison Financial Group ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... to buy all of OneVue for 40 cents per share in cash, which would value OneVue at $107 million. The offer price is a 67% premium to OVH's closing price on May 28 and 19% premium to the 12-month VWAP. OneVue's board is unanimously recommending ...

Sydney boutique shutters fund

KANIKA SOOD  |  THURSDAY, 28 MAY 2020
... back into the 30s [in April]. The fund went long the market via S&P calls and VIX puts in late March. Due to the rich premium in VIX options, the VIX index did not fall fast enough for the position to turn positive at the April expiry," it said. "By ...