Finexia Financial Group | Q4 Report
Monday, 31st January 2022
Quarterly Activities Report for the quarter ended 31 December 2021
• During the quarter, the Group commenced receiving management fee income pursuant the launch of its flagship wholesale fund, the Finexia Direct Accommodation Income Fund (“the Fund”). The Fund’s investor base increased by 17% during the quarter. The Fund’s Investment Manager continued to assess a number of potential complimentary management rights opportunities to add to the Fund’s existing portfolio. Importantly, the Fund paid its maiden investor distribution during the quarter, equivalent to 12.02% annualised. The Company received part distribution as a co-investor in the Fund.
SYDNEY Australia: 31 January 2022 – Finexia Financial Group Limited (ASX:FNX) (Finexia) is pleased to release its Appendix 4C and quarterly activities report, covering the three-month period ended 31 December 2021.
• Cash receipts from customers and interest received for the quarter at approximately $2.4 million were less than the $3.3 million received in the prior quarter. The difference occurred as a result of prepaid interest being received in the previous quarter. Interest earned, however, under generally accepted accounting principles was not affected.
• Cash at bank as at 31 December 2021 was approximately $4.7 million ($3.7 million as at 30 September 2021), evidencing the Company’s healthy fiscal position.
In accordance with ASX listing Rule 4.7B, Finexia advises that approximately $307,000 was paid in ordinary remuneration to Finexia’s executive and non-executive directors during the quarter.
About Finexia Financial Limited
Finexia Financial Group Limited (Finexia) is a diversified investment and financial services company. Finexia focuses on key business areas including Advisory, Asset Management, Lending Services, Prime Brokerage and International Equities. Finexia’s team has built a solid reputation for independence and innovation with a track record of success. Our portfolio of financial services brands and businesses is focused on our vision to be a leading diversified investment organisation.
In this interview Neil Sheather, CEO discusses the various growth drivers at Finexia, including StayCo. and Creative Capital. Visit Stocks Down Under here Transcription Stuart: Hello and welcome to Stocks Down Under. My name is Stuart Roberts and I’m one of the cofounders of that publication. And joining me on Tuesday, the13 April 2022
Wednesday, 13th April 2022FDAIF Update – April 2022 It has been six months from the commencement of the Finexia Direct Accommodation Income Fund (“Fund”), and we provide the following update on some essential items in particular:Financial performanceCOVID impactBalance of the Financial YearDistribution updateFinancial PerformanceSince its inception, a very pleasing result is that the Fund has made13 April 2022
6 April 2022
3 March 2022