News: ENN Elanor Investors Group Says Forecast 2H23 Core Earnings Of A$2.1 Million

June 26 (Reuters) - Elanor Investors Group (ENN) :

• FORECAST 2H23 CORE EARNINGS OF A$2.1 MILLION, OR 1.7 CENTS PER SECURITY
• FORECAST 2H23 DISTRIBUTION RANGE OF 1.4 AU CENTS TO 1.6 AU CENTS PER SECURITY
• ACQUISITION OF CHALLENGER REAL ESTATE FUNDS MANAGEMENT BUSINESS FOR A$37.7 MILLION
• CHALLENGER TO HOLD A 13.7% INTEREST, ABU DHABI INVESTMENT COUNCIL P.J.S.C. TO HOLD A 3.0% INTEREST IN CO
• AFTER DEAL, FUNDS UNDER MANAGEMENT INCREASED TO A$6.4 BILLION FROM A$3.0 BILLION
• WILL GRANT ADIC OPTIONS TO ACQUIRE UP TO 7.5 MILLION ELANOR SECURITIES
• ELANOR CONTINUES TO PURSUE STRATEGIC ACQUISITION OPPORTUNITIES TO GROW FUNDS UNDER MANAGEMENT
• TRANSACTION FORECAST TO DELIVER INCREMENTAL ANNUALISED BASE MANAGEMENT FEES OF A$16.1 MILLION
• SECURED ADIC MANDATE AND GRANT OF OPTIONS FOR ADIC TO ACQUIRE A FURTHER 7.5 MILLION ENN SECURITIES
• ADIC'S INTEREST IN ELANOR WILL INCREASE TO 7.7% IF ALL OPTIONS VESTED & EXERCISED