July 9 (Reuters) - Prime Financial Group Ltd PFG.AX :
* First two transactions under new funding arrangement
* Will transfer two of Prime's existing investments in accounting firms to its unit Prime Accounting & Wealth Management Pty Ltd
* On completion of each transaction, Prime will receive approximately $3.6M in sale proceeds
* Proposal to transfer will unlock capital for Prime and enable it to reduce external debt
* After covering costs of the transactions, the balance sale proceeds will be applied to pay down external debt
* Source text for Eikon ID:nASX5hbFpC