The NZX acquired the active funds manager from Craigs Investment Partners in a deal worth more than $30m.
IFT's dividend outlook remains 'stable' despite uptick in earnings from acquisition.
Fibre network operator's net profit for the half-year drops 44% on high interest rates and depreciation of copper assets.
Net profit rose 1.5% to $33m in year ended March 31, as used car dealer exceeded targets.
Proceeds will be used to pay down debt and fund data centre investment.