Henderson Far East Income Limited Announces Equity Raise
Why we think this is good
The equity raise announced by Henderson Far East Income Limited is a positive development. The raise is relatively small in size, representing just 0.36% of the company's total issued share capital, and is priced at a negligible 0.06% discount to the previous closing price. This suggests strong investor appetite for the company's shares and confidence in its growth prospects. The funds raised can be used to support the company's ongoing operations and development, which is likely to be viewed favorably by the market.
Key Points
- Henderson Far East Income Limited to issue 650,000 new ordinary shares
- Shares priced at 231p, a 0.06% discount to the previous closing price of 231.13p
- Raise amount represents 0.36% of the company's total issued share capital
Summary
Henderson Far East Income Limited, a closed-ended investment trust, has announced the issue of 650,000 new ordinary shares at a price of 231p per share, representing a negligible 0.06% discount to the previous closing price of 231.13p. The raise amount of 650,000 shares is relatively small, accounting for just 0.36% of the company's total issued share capital of 182,444,679 shares. The funds raised will be used for general corporate purposes and to support the company's ongoing growth and development.