Gryphon Capital Income Trust to Raise Up to AU$90.9 Million via Placement to Wholesale Investors
MT Newswires Live
Feb 23
Gryphon Capital Income Trust's (ASX:GCI) responsible entity, One Managed Investment Funds, proposed raising up to AU$90.9 million via the issuance of up to 45.4 million new fully-paid ordinary units in the trust to wholesale investors, at an issue price of AU$2 per new unit, according to a Monday Australian bourse filing.
The proceeds will be used to support incremental portfolio management, consistent with the trust's investment strategy.
The new units issued under the placement will be issued using the trust's available placement capacity under ASX Listing Rule 7.1.
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