Henderson Far East Income Limited Announces Equity Raise
Why we think this is good
The equity raise by Henderson Far East Income Limited appears to be a relatively small and modestly discounted placement, which is a positive sign. The raise amount of 400,000 shares represents only 0.22% of the company's total issued share capital, indicating a minor dilution for existing shareholders. The 0.42% discount to the previous closing price of 236.5p suggests reasonable demand for the company's shares and that the market is supportive of the company's growth plans.
Key Points
- Henderson Far East Income Limited is issuing 400,000 new ordinary shares
- The new shares will be issued at a price of 235.5p per share
- This represents a 0.42% discount to the previous closing price of 236.5p
- The raise will bring the company's total issued share capital to 180,394,679 shares
Summary
Henderson Far East Income Limited, an investment trust, has announced the issuance of 400,000 new ordinary shares at a price of 235.5p per share, representing a 0.42% discount to the previous closing price of 236.5p. The raise will bring the company's total issued share capital and voting rights to 180,394,679 shares. The purpose of the raise is not explicitly stated, but it is likely for general corporate purposes and growth capital.