FNX Q4 Activities Report

Finexia Financial Group | Q4 Report

Calendar Icon Monday, 31st January 2022

Quarterly Activities Report for the quarter ended 31 December 2021

Highlights

• 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.

Financials
• 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.

To read the quarterly report and find Appendix 4C click here.

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