360 Capital Mortgage REIT Raises AU$6.4 Million Through Shortfall Offer
MT Newswires Live
Jul 17
360 Capital Mortgage REIT (ASX:TCF) has secured binding commitments for around 1.1 million new fully paid units under its shortfall offer associated with the entitlement offer, raising around AU$6.4 million at AU$5.94 per unit, according to a Thursday filing with the Australian bourse.
Under the entitlement offer terms, 360 Capital Fund Manager, as the responsible entity for the trust, has issued remaining shortfall offer units to wholesale investors, the filing said.
Capital raised from the offer will be invested in mortgage loans aligned with the investment strategy, potentially increasing size and improving liquidity for unitholders, the filing added.
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