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CMPI

2.21%
GOOD

CT Global Managed Portfolio Trust PLC Announces Equity Raise

Why we think this is good

The equity raise by CT Global Managed Portfolio Trust PLC is a relatively small and non-dilutive event that is being supported by the market at close to the current share price. This suggests positive sentiment towards the company's prospects, although the lack of specificity around the use of proceeds is a minor concern.

Key Points

  • CT Global Managed Portfolio Trust PLC has announced the issuance of 85,000 new Income shares
  • The new shares were placed at a price of 106.75p, representing a 0.047% discount to the previous closing price
  • The purpose of the raise is stated as 'for the Company's general business purposes'

Summary

The prominent investment trust has announced a small equity raise, issuing new shares at a minimal discount to the current market price.

CT Global Managed Portfolio Trust PLC has announced the issuance of 85,000 new Income shares, representing a 0.16% increase in the company's total issued share capital. The new shares were placed at a price of 106.75p, which is only a 0.047% discount to the previous closing price of 106.69999694824219p. The purpose of the raise is stated as 'for the Company's general business purposes', which lacks specificity. However, the small size of the raise and the minimal discount suggest the market has confidence in the company's prospects and is willing to support the issuance.

Key Dates

17 April 2025
Commencement of dealings in the new Income shares
PLACING