Shaw and Partners is delighted to be appointed as Joint Lead Manager to the proposed capital raising by Regal Investment Fund (ASX.RF1).

The Company is proposing to raise approximately A$79.8 million by way of a single tranche Placement comprising the issue of approximately 26.5 million new fully paid ordinary shares issued at $3.01.

The offer price of $3.01 per unit represents a 7.1% discount to the last traded price of $3.24 and a 5.1% discount to the 10-day VWAP price of $3.17

Proceeds raised under the Offer will be allocated across Regal’s existing strategies, including long/short equities, private markets, real and natural assets and capital solutions.

Philip King, Chief Investment Officer and Founder of Regal Funds said: “We’re very excited with the opportunity to continue to expand and diversify RF1, providing our investors with a diversified exposure to a range of attractive alternative investment strategies. We’ve been very pleased with the performance generated by the Fund since its listing in July 2019, generating total returns of 22.8%2 per annum and returning $1.69 in distributions since inception. We’re delighted to offer existing and new unitholders the ability to invest in the Fund at an attractive discount to the current ASX price and look forward to continuing our track record of delivering attractive risk-adjusted absolute returns for our investors.“

The offer is available to Australian Sophisticated and Professional Investors only.

For more information, please speak to your Shaw and Partners Adviser.