Invesco Global Equity Income Trust plc Issues Equity
Why we think this is very good
The equity raise by Invesco Global Equity Income Trust plc is a very positive development. The company has issued 200,000 new ordinary shares at the current market price of 346.40p, representing a 0% discount to the previous closing price. This suggests strong investor demand for the company's shares and confidence in its performance. The small size of the raise, just 0.32% of the total shares outstanding, also indicates it is not a significant funding event. Overall, the details of the raise point to a healthy financial position and positive outlook for the company.
Key Points
- Invesco Global Equity Income Trust plc has issued 200,000 new ordinary shares
- The new shares were issued at the current market price of 346.40p, representing 0% discount
- The raise is a small one, amounting to 0.32% of the total shares outstanding
- The purpose is to satisfy ongoing demand for the company's shares
Summary
Invesco Global Equity Income Trust plc has announced the issue of 200,000 new ordinary shares at a price of 346.40p per share, representing 0% discount to the previous closing price. The raise is a small one, amounting to just 0.32% of the total shares outstanding, and the purpose is to satisfy ongoing demand for the company's shares. This suggests the company is in a strong financial position and has the confidence of investors. The lack of a significant discount on the raise price is also a positive sign, indicating the company is not in a distressed situation and does not need to offer substantial incentives to raise funds.