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The latest update is out from MA Financial Group Limited ( (AU:MAF) ).
MA Financial Group Limited has announced a wholesale placement for its MA Credit Income Trust, aiming to issue up to 24,850,253 new units at $2.00 each to raise approximately A$49.7 million. The proceeds will be invested in private credit investments, aligning with the trust’s investment mandate. The placement is managed by several financial firms and is expected to enhance the trust’s market position by expanding its investment portfolio without requiring securityholder approval.
The most recent analyst rating on (AU:MAF) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on MA Financial Group Limited stock, see the AU:MAF Stock Forecast page.
More about MA Financial Group Limited
MA Financial Group Limited operates in the financial services industry, focusing on investment management and advisory services. The company provides a range of financial products and services, including credit income trusts, with a market focus on private credit investments across direct asset lending, asset-backed lending, and direct corporate lending.
Average Trading Volume: 325,433
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.3B
Find detailed analytics on MAF stock on TipRanks’ Stock Analysis page.