L1 Global Long Short Fund (ASX:PMC) reported a non-renounceable entitlement offer to raise up to A$415 million at a price of A$1.63 per share, according to a Tuesday filing with the Australian bourse.
The equity fund company plans to use the proceeds from the offering to invest in its Global Long Short Strategy.
The offer will open on Dec. 9 and is expected to close on Dec. 18.
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