Candice Cooke, Australia
Reach Capital
Whitefield (ASX:WHF) kicks off $14.4 mil institutional placement
Listed investment company Whitefield lists on the ASX through institutional placement.
Whitefield Ltd is an ASX listed investment company which invests in a diversified portfolio of listed Australian Industrial Shares. The $14.4 mil placement formed part of the company’s investment strategy.
Chairman and Managing Director Angus Gluskie was pleased with the demand for the placement.
"A growing number of investors have appreciated the consistency and reliability of Whitefield’s dividend stream and the structural efficiency of our quantitative investment framework, which has provided investors with both risk control and return delivery over an extended time frame," Mr Gluskie said.
The new shares are expected to be issued on July 23 and begin trading on July 26. Company shares last traded at $6.23 on July 13.
