Platinum (ASX:PTM) shares trading in red today, here’s why

July 13, 2022 11:58 AM AEST | By Bhawna Gupta

Platinum (ASX:PTM) shares trading in red today, here’s why — Image source: © Ipopba | Megapixl.com

Platinum's FUM and performance fees

Platinum witnessed net outflows of around AU$304 million in June 2022, including net withdrawals of about AU$252 million from the Platinum Trust Funds. The effects of the AU$337 million distribution reinvestment and the AU$1,225 million cash payout to unit holders are not included in the net outflows.

For the fiscal year that ends on 30 June 2022, Platinum is entitled to anticipated performance fees of about AU$6.6 million. This also includes performance fees of AU$2.5 million collected during the first half of the year that ends on 31 December 2021. The amount of performance fees (if any) will vary greatly from year to year.

Platinum reported a FUM of AU$19,102 million pre-annual distribution to unit holders on 30 June 2022, which was AU$19,588 million on 31 May 2022. Cash distribution to unit holders was AU$888 million; therefore, the company has a FUM of AU$18,214 million post-annual distribution.

Source: © Wutzkoh | Megapixl.com

Know more about Platinum

Platinum, a funds management company, operates through two segments: Funds management and Investments.

In the fiscal year under consideration, it declared fully franked dividends of 22 cents per share for its stockholders. The ASX-listed investment manager's largest dividend to date was 47 cents per share in 2015.

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