ASX Listed Property Trust - Placement - 5.51% Discount to NTA (Dividend Yield 8.08% pa)

Categories Securities, Unissued Securities
Sale Type Asking Price
Price Guide AUD $8M @ A$1.20 (A$6.3M Completed) - Market Cap @ A$78M
Status: Closed


ASX listed Property Trust Manager has announced a A$12M capital raising by an A$8M placement to High Net Worth and Institutional Investors as well as a A$4M 1:17 Rights Issue with same issue price @ A$1.20 per unit. The offer is priced at a A$0.07 per unit discount to the Trust’s A$1.27 Net Tangible Assets (NTA). Dividend Yield 8.08% pa. as at 28 October 2016. Update: Placement Raise currently subscribed to A$6.3M as at 6 January 2017. Rights Issue closed and subscribed to A$4M as at 20 December 2017.


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