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Showing 61 - 70 of 123 results for "Income Trust"

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 its chief financial officer after $1 million was withdrawn from the bank account of the Aurora Property Buy-Write Income Trust (AUP) "without proper authority".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 ...

Aurora pushes for Hastings takeover

ALEX BURKE  |  MONDAY, 17 JUL 2017
... unitholders that the offer price was such that the net asset value of their units would equal the NAV of the Aurora Global Income Trust (AIB) units they would be acquiring in exchange. Aurora, which acts as the responsible entity for both AIB and HHY ...

New cash fund targets retirees

KARREN VERGARA  |  TUESDAY, 27 JUN 2017
... PDS shows. About 70% of the portfolio invests in bank term deposits, with 30% allocated into the Trilogy Monthly Income Trust, a pooled mortgage portfolio. The cash trust aims to generate the cash rate return of 1.5% per annum, but with exposure to Trilogy ...

Daintree launches fixed income trust

KARREN VERGARA  |  FRIDAY, 9 JUN 2017
Boutique investment manager Daintree Capital launched its inaugural fixed income trust. The Daintree Core Income Trust is a diversified, absolute return portfolio aiming to provide a monthly income stream and capital stability, director and portfolio ...