Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CENTURIA CAPITAL GROUP Capital/Financing Update 2006

Jul 2, 2006

64677_rns_2006-07-02_cf42d665-536c-4ec4-b4f1-c18d8b51a2ed.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX/MEDIA RELEASE

3 July 2006

VIA ELECTRONIC LODGEMENT Australian Stock Exchange Company Announcements Platform

REVERSE MORTGAGE WHOLESALE FUNDING

As foreshadowed in the interim results presentation in February 2006, OFM is pleased to announce that it has established a wholesale funding facility with a leading bank to support the growth of its reverse mortgage business. The facility is subject to standard commercial terms and conditions, including the option for the financier to withdraw funding in the event of a change of control of the company.

While the establishment of the warehouse trust facility is not anticipated to have a material impact on profitability, it will enable the redeployment of capital previously utilised by the reverse mortgage business. Its establishment also enables the company to advance discussions with other entities that may be interested in partnering with OFM so as to leverage our experience and intellectual property in respect of establishing reverse mortgage origination programs.

For further enquiries please contact:

Mr Chris Martin, Managing Director, OFM Investment Group Limited 1800 033 262

Established in 1980, OFM Investment Group Limited is a listed financial services organisation providing a range of financial solutions to Australians to fund lifestyle and living needs. These financial products and services cover a range of investment, insurance, mortgages, and equity release products.

www.ofmig.com.au