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Metrics Master Income Trust ( (AU:MXT) ) just unveiled an announcement.
Metrics Master Income Trust has announced a wholesale placement to issue up to 157.5 million new units at A$2.00 each, potentially raising A$315 million. This move aims to attract cornerstone investors and expand the Trust’s capital base without requiring unitholder approval, enhancing its portfolio diversification and maintaining credit risk exposure.
More about Metrics Master Income Trust
Metrics is an Australian-based alternative asset management firm specializing in direct lending to Australian companies. It actively participates in the Australian private credit market, managing assets exceeding A$23 billion, including the Metrics Master Income Trust, Metrics Income Opportunities Trust, and Metrics Real Estate Multi-Strategy Fund, among other funds.
Average Trading Volume: 2,014,458
Technical Sentiment Signal: Strong Buy
For a thorough assessment of MXT stock, go to TipRanks’ Stock Analysis page.