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Blue Sky Alternative Investments Provides Update on FEAUM and FUM

19 Oct 2018  |  14:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FEAUM and FUM Update

Blue Sky Alternative Investments advised that it has completed the sale of the wholesale funds interests in the Company's six retirement living funds and its 50% interest in Aura, the operator of the retirement living business, to an international institutional investor. This transaction was announced to ASX on 24 August 2018. The completion of the sale of the retirement living business will reduce Blue Sky's FEAUM by $331.2M and FUM by $75.8M (as at 30 September 2018). The Company's 50% ownership in the operator Aura was sold at a profit with the net cash inflow to Blue Sky following completion being $2.6M. As announced to the ASX on 18 October 2018, the Company has entered into an Implementation Deed to terminate the management services agreement between listed investment Company.

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