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The latest announcement is out from Pengana Global Private Credit Trust ( (AU:PCX) ).
Pengana Investment Management Limited has announced the opening of an Entitlement Offer to raise approximately $82 million through the issuance of new units at $2.00 each. The offer includes a pro-rata non-renounceable entitlement for existing unitholders and a Shortfall Offer for additional units not taken up. This capital raising initiative aims to enhance the Trust’s investment capacity, potentially strengthening its market position and providing stakeholders with expanded investment opportunities.
More about Pengana Global Private Credit Trust
Pengana Investment Management Limited operates in the financial services industry, focusing on investment management. The company manages the Pengana Global Private Credit Trust, which is listed on the Australian Securities Exchange under the ticker PCX. Their primary service involves offering investment opportunities in private credit markets, targeting investors in Australia and New Zealand.
Average Trading Volume: 122,740
Technical Sentiment Signal: Strong Buy
See more insights into PCX stock on TipRanks’ Stock Analysis page.