ASX:CGF

Jarden Research Adjusts Challenger's Price Target to AU$8.70 from AU$8.60, Keeps at Neutral

Challenger Reports Lower Fiscal Q3 Assets Under Management, Tightens Fiscal 2026 Normalized EPS Outlook; Shares Tumble 5%

Challenger (ASX:CGF) reported fiscal third-quarter assets under management of AU$116.28 billion, down from AU$125.63 billion a year earlier, according to a Tuesday filing with the Australian bourse.The company said it has tightened its fiscal 2026 normalized basic earnings per share guidance range to between AU$0.66 and AU$0.70.Challenger previously guided for normalized basic EPS of AU$0.66 to AU$0.72 when it reported fiscal first-half results in February.The company's shares tumbled 5% in recent Tuesday trade.

Challenger to Redeem All Outstanding Challenger Capital Notes 3

Challenger (ASX:CGF) will redeem all of its outstanding Challenger capital notes 3 on May 25 at their face value of AU$100 each in cash, according to a Tuesday filing with the Australian bourse.The redemption has been approved by the Australian Prudential Regulation Authority.A final distribution of AU$1.47 per note is expected to be paid on May 25 to all registered holders as of May 15, the company said.