Austock to clarify fund status
Austock Funds Management has extended the voluntary suspension of Api Fund securities on the Australian Securities Exchange.
Austock sought the voluntary suspension for the Api Fund late last month as a result of continuing discussions on the terms of a number of possible transactions involving the Api Fund and the Australian Social Infrastructure Fund, including discussions with bankers regarding the funds under the terms of their respective facility agreements.
Austock said significant progress had been made and it was expected that matters would be finalised shortly, with an announcement to be made before the beginning of trading tomorrow.
AUTHOR
Mike Taylor
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
