The board of the Coupland Cardiff Japan Income & Growth trust is seeking to raise £20m through a new share issuance.
New ordinary shares will be priced at £0.01p each and the fundraising will close on 12 October. It is expected that admission of the ordinary shares issued pursuant to the issue will become effective on or around 17 October. The directors of the trust are keen to increase the size of the £77m trust as they believe it will improve liquidity and make the vehicle more marketable. This will result in a broader investor base, thereby spreading fixed costs over a larger capital base and reducing ongoing charges per share. The board said the trust has "identified a strong pipeline of inv...
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