The company want to further diversify its existing portfolio, spread the fixed costs of running the company across a wider base and increase secondary market liquidity for investors
PLC () has announced plans to place shares to satisfy the demand for new shares and increase its investment firepower.
The company intends to issue shares at a pound a pop, 1.5p below last night's closing mid-market price.
The investment trust, which specialises in secured debt investments, said it has deployed all cash available for investment, including the money available from its £10mln revolving credit facility, but it still has plenty of attractive investment opportunities it wants to pursue.
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