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VERY GOOD

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

The prominent investment trust has issued new shares at the current market price, signaling strong investor demand and confidence in the company's performance.

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.

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