With the stock now trading at a premium to net asset value, the company is looking to tap the market
PLC () is considering a potential equity raise to support its pipeline of investment opportunities.
The investment trust, which specialises in secured debt investments, said it is considering the issue of new ordinary shares at a premium to net asset value under its existing authorities.
Earlier this month the company said it continues to benefit from a strong pipeline and remains “confident in its ability to continue to originate and close high quality investments”.
The group also indicated that it has used its revolving credit facility.
“Further details of any proposed fundraising, which will be subject to prevailing market conditions, will be announced in due course,” the firm said.
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