+ Follow MANUEL BENGSON Tag
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[ArticleID] => 206202
[Title] => Filipino Fund spins off new unit to hold its assets
[Summary] => Filipino Fund Inc., a closed-end investment company partly owned by the Ayalas, has spun off a new company that will hold its assets, including its stock investments, as part of its quasi-reorganization plan.
The quasi-reorganization plan entails the unbundling of Filipino Fund’s assets and lodging of its listed equities and other income under a new company named Philippine Index Fund (PIF).
It also involves the reduction of Filipino Fund’s authorized capital stock and the return of capital to shareholders of Filipino Fund in the form of PIF shares.
[DatePublished] => 2003-05-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
(
[ArticleID] => 187702
[Title] => Ayala Life gets nod for capital hike
[Summary] => The Securities and Exchange Commission has approved the application of Ayala Life Fixed Income Fund Inc., an open-ended investment company, for the licensing of P3-billion worth of new shares.
The shares sought to be registered consisted of 30 million common shares with a par value of P100 per share. The additional shares bring to P12 billion the total outstanding shares of the Ayala-owned mutual fund firm.
[DatePublished] => 2002-12-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
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[2] => Array
(
[ArticleID] => 187423
[Title] => Ayala Life to issue P3-B worth of new shares
[Summary] => Ayala Life Fixed Income Fund Inc., the mutual fund unit of the Ayala Group, has applied for registration and licensing of P3-billion worth of new shares, representing the latest increase in its authorized capital from P9 billion to P12 billion.
According to documents filed with the Securities and Exchange Commission (SEC), the shares, consisting of 30 million new common shares, will be sold to the public at a minimum subscription of P100,000.
[DatePublished] => 2002-12-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[SectionName] => Business
[SectionUrl] => business
[URL] =>
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MANUEL BENGSON
Array
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[results] => Array
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[0] => Array
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[ArticleID] => 206202
[Title] => Filipino Fund spins off new unit to hold its assets
[Summary] => Filipino Fund Inc., a closed-end investment company partly owned by the Ayalas, has spun off a new company that will hold its assets, including its stock investments, as part of its quasi-reorganization plan.
The quasi-reorganization plan entails the unbundling of Filipino Fund’s assets and lodging of its listed equities and other income under a new company named Philippine Index Fund (PIF).
It also involves the reduction of Filipino Fund’s authorized capital stock and the return of capital to shareholders of Filipino Fund in the form of PIF shares.
[DatePublished] => 2003-05-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 187702
[Title] => Ayala Life gets nod for capital hike
[Summary] => The Securities and Exchange Commission has approved the application of Ayala Life Fixed Income Fund Inc., an open-ended investment company, for the licensing of P3-billion worth of new shares.
The shares sought to be registered consisted of 30 million common shares with a par value of P100 per share. The additional shares bring to P12 billion the total outstanding shares of the Ayala-owned mutual fund firm.
[DatePublished] => 2002-12-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 187423
[Title] => Ayala Life to issue P3-B worth of new shares
[Summary] => Ayala Life Fixed Income Fund Inc., the mutual fund unit of the Ayala Group, has applied for registration and licensing of P3-billion worth of new shares, representing the latest increase in its authorized capital from P9 billion to P12 billion.
According to documents filed with the Securities and Exchange Commission (SEC), the shares, consisting of 30 million new common shares, will be sold to the public at a minimum subscription of P100,000.
[DatePublished] => 2002-12-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
December 13, 2002 - 12:00am
December 11, 2002 - 12:00am
