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Showing 1 - 10 of 23 results for delisting

LIT delisting simplifies Forager: CIO

KARREN VERGARA  |  TUESDAY, 23 APR 2024
Forager Funds Management's chief investment officer is urging investors to vote in favour of delisting a troubled listed investment trust (LIT) in a bid to simplify the business. Chief investment officer Steve Johnson wrote to investors that if ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
... said. FOR traded at an average discount of more than 14% to net asset value in the six months before it announced it was delisting last October. FOR's average daily traded volume was just 37,186 units with a value of about $46,057. This represents ...

ASX-listed companies flock to private markets

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
The latest ASX monthly activity report shows a trend of more delistings than new market entries, indicative of a shift towards private markets. The total ASX-listed companies dropped from 2289 in February last year to 2183 in February 2024, a near 1% ...

Janus Henderson to delist from ASX

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
... held through CHESS Depository Interests (CDIs) has "declined significantly." The investment manager, which anticipates delisting from the ASX on December 6, has seen its capital held via CDIs plummet to just 5.5% as of September, down from nearly 12% ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... achieved 10.1%. MGF shares the same upheavals with the embattled Forager Australian Shares Fund (FOR), which is at risk of delisting as it struggles to close the 15% valuation gap over the last four years. MGF is set to schedule a unitholder meeting ...

Forager to delist Aussie LIT

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... is still required" to determine the best way to implement this. As a result, it is "current intention to finalise a delisting proposal in the coming months" and will provide unitholders more details in the first half of calendar year 2024. On LinkedIn ...

Negative wholesale funds market growth continues

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... following four consecutive quarters of decreases, aided by ongoing global headwinds. LICs were also impacted by the delisting of the $4.5 billion Milton LIC from the ASX in October 2021.

AMP to delist from NZX

JAMIE WILLIAMSON  |  WEDNESDAY, 22 DEC 2021
... Securities Exchange from February, following a decision to delist from the New Zealand Exchange main board. AMP said the delisting supports the simplification of its shareholder administration ahead of demerging its Private Markets business early next ...

Boutique launches active hybrid ETF

ANNABELLE DICKSON  |  MONDAY, 20 SEP 2021
Daintree Capital has launched Australia's first bank hybrid fund in a single unit structure just months after delisting a cash ETF. The Daintree Hybrid Opportunities Fund invests in a diversified global portfolio of between 25 to 125 hybrid bank securities. ...

Investors greenlight LIC to ETF conversion

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
... the discount to investors. Resolutions relating to it were put to unitholders on May 10. Over 95% were in favour of delisting the LIC and listing units as an ETMF. Perpetual nabbed the responsible entity contract for the new ETMF. "They have been working ...
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