Shaw and Partners is pleased to have been appointed as a Joint Lead Manager to a capital raising by Regal Investment Fund.

The Fund is raising approximately A$95.3 million by way of a non-underwritten placement of up to 27.9 million new fully paid units in RF1 to professional and sophisticated investors. Eligible unitholders are entitled to participate in a non-underwritten Unit Purchase Plan (UPP) to raise approximately A$30 million.

New units issued under the Offer to be issued at $3.41 per unit. The Offer Price reflects a 5.3% discount to the last traded price on 18 November 2024 of A$3.60 and equal to the most recently announced NTA as of 15 November 2024.

Proceeds from the placement will be allocated across RF1’s strategies in line the Fund’s investment objectives. The issue of new units is expected to provide greater market liquidity and allow unitholders to increase their unitholding to further support the RF1 mandate.

Congratulations to Philip King and the Regal Funds Management team on a successful capital raising.

The issuer of the securities is Regal Investment Fund. Offers of the securities will be made to retail shareholders as set out in the UPP Offer Booklet expected to be sent to eligible shareholders on 25 November 2024. Eligible shareholders should consider the disclosure documents carefully before deciding whether to acquire the securities. To acquire securities under the offer investors will need to complete an application process as detailed in the offer booklet.