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  • Real estate investor Eildon Capital Group (EDC) has entered into a trading halt as it plans for an upcoming capital raise
  • Currently, it is unknown how much the company is aiming to raise or where the funds will be spent
  • Company shares will be paused until Monday, March 15, or when more information is released to the market
  • On the market, Eildon last traded for $1.04 per share on March 10

Real estate investor Eildon Capital Group (EDC) has entered into a trading halt ahead of an upcoming capital raise.

So far, there are no details on how much the company is aiming to raise or where the funds will be spent.

Under the halt, company shares will be paused until Monday, March 15, or when more information is released to the market.

For the half year, ended in December 31, the company recorded a profit after tax of $2 million. The trust’s investment portfolio included six debt positions totalling $30.9 million, as well as, holding $5.4 million of cash reserves for investment.

In its most recent half quarterly report, the company outlined its recent successes, despite a challenging macro-environment under the pandemic.

“Although the COVID-19 pandemic has created a significant amount of uncertainty in the property market, the Responsible Entity is pleased to report that all the investments are performing as expected and are forecast to deliver returns consistent with original investment assumptions,” the company said at the time.

“However, we are cognisant there is likely to be increased volatility in the short–medium term as the overall impact of COVID-19 is unknown at this point,” it added.

On the market, Eildon last traded for $1.04 per share on March 10.

EDC by the numbers
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