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Whitefield income limited ( (AU:WHI) ) has provided an update.
Whitefield Income Limited, listed on the ASX under the ticker WHI, has announced a non-underwritten placement to raise up to A$53 million by issuing 40.1 million new fully paid ordinary shares to wholesale investors. The new shares are priced at A$1.32 each, representing a 5.2% discount to the company’s recent average market price. The funds raised will be used in line with Whitefield Income’s investment strategy, and the new shares will rank equally with existing shares concerning dividend entitlements. The placement is managed by several financial firms, including Ord Minnett Limited and Morgans Financial Limited.
More about Whitefield income limited
Average Trading Volume: 117,638
Technical Sentiment Signal: Hold
Current Market Cap: A$218.8M
Learn more about WHI stock on TipRanks’ Stock Analysis page.