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Showing 1 - 10 of 27 results for "PAF"

WAM ups PAF takeover bid

KARREN VERGARA  |  WEDNESDAY, 12 JAN 2022
... which the latter flags it will accept. WAM said the $1.149 per share offer for every PM Capital Asian Opportunities Fund (PAF) share is "compelling" and represents a 3.5% premium to the January 11 closing price. It initially offered to pay $1.147 per ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... shareholders to allow its PM Capital Global Opportunities Fund (PGF) to take over the PM Capital Asian Opportunities Fund (PAF). Meanwhile, WAM has made a counteroffer for PAF, which PM Capital wants shareholders to reject. WAM founder Geoff Wilson told ...

PM Capital forges ahead with LIC merger

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... shareholders to allow its PM Capital Global Opportunities Fund (PGF) to take over the PM Capital Asian Opportunities Fund (PAF). This follows a Federal Court order that states PAF should convene and hold a meeting with its shareholders to allow them ...

WAM looks to acquire Asian equities LIC

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... company that has a concentrated portfolio of listed Asian equities. WAM has its eye on PM Capital Asian Opportunities Fund (PAF), offering to pay $1.147 per PAF share. The proposed takeover bid is subject to several conditions. WAM wants PAF's net ...

Philanthropic forces shift asset allocation

DARREN SNYDER  |  THURSDAY, 6 SEP 2018
Forces within Australia's philanthropy sector are shifting the distribution of more than $1 billion in annual grants and funding to non-traditional sectors. Speaking at the Philanthropy Australia National Conference yesterday, JBWere Philanthropic Services ...

Platinum covers cost for new listed funds

ALEX BURKE  |  FRIDAY, 25 AUG 2017
... structured as feeder funds for Platinum's unlisted vehicles: the $10 billion International Fund (PIF) and $4 billion Asia Fund (PAF). The reason for covering establishment costs for the feeder funds and ongoing operating costs, Platinum explained, was ...

AMP reshapes advice businesses, appoints MD

ALEX BURKE  |  FRIDAY, 31 MAR 2017
AMP is welcoming a new advice leadership team following the decision to bring multiple advice businesses under one roof. Following the restructure, AMP Financial Planning, AMP Advice, AMP Horizons and AMP Direct will be integrated under a new managing ...

Boomers driving interest in PAFs

MARK SMITH  |  TUESDAY, 17 MAY 2016
... following liquidity events such as the sales of a business, according to national accounting and advisory firm William Buck. A PAF is a philanthropic trust structure which allows people to take a more planned and tax efficient approach to their giving. ...

Government scraps philanthropic donation fees

LAURA MILLAN  |  FRIDAY, 29 MAY 2015
Philanthropists will no longer need to pay fees to the Australian Taxation Office (ATO) to donate listed shares and managed funds. The Prime Minister's Community Business Partnership, which includes Minister for Social Services Scott Morrison and Assistant ...

Philanthropic fund establishments return to pre-GFC levels

LAURA MILLAN  |  TUESDAY, 6 JAN 2015
... 2014. PAFs continue to distribute around 9% of assets annually, well in excess of the minimum 5% required, with the average PAF distributing around $250,000 each year. Welfare dominates as the most popular cause for distributions with a 28% share in ...
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