Regal Funds Management (ASX:RF1)- Chief Investment Officer, Philip King
Chief Investment Officer, Philip King
Source: Regal Funds Management
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  • Regal Investment Fund (RF1) looks to raise more than $212 million through a placement and entitlement offer
  • The capital raise will see its shares offered at $3.79 per share, a 15.2 per cent discount to the last closing price
  • Proceeds from the raise will be invested across the existing investment strategies that currently contribute to the Regal Investment Fund
  • Regal has entered into a trading halt today, meaning trading in shares will be paused until Friday, October 8
  • Company shares last traded at $4.47 each

Regal Investment Fund (RF1) is aiming to raise over $212 million through a placement and entitlement offer.

The capital raise will see its shares offered at $3.79 per share, a 15.2 per cent discount to the last closing price.

Under the placement, the company will issue 17.3 million shares to investors looking to raise $65.8 million.

The entitlement offer will allow eligible shareholders to buy one new share for every three shares they own, with an aim to raise $146 million.

Proceeds from the raise will be invested across the existing investment strategies that currently contribute to the Regal Investment Fund.

Since its listing in 2019, the company has delivered a total return to investors of 116 per cent.

Chief Investment Officer and Co-Founder of Regal Funds Management Philip King said he was happy to offer shareholders the ability to increase their interest in the company.

“We’ve been pleased with the strong performance RF1 has generated since listing in June 2019 and are delighted to offer existing and new unitholders an ability to invest in the Fund at an attractive discount to the current ASX price,” he said.

“The Regal Investment Team continues to see a range of exciting investment
opportunities across both public and private markets and remain committed to delivering strong long-term returns for our investors.”

Regal has entered into a trading halt today, meaning shares will be paused until Friday, October 8, or when it completes this capital raise.

Company shares last traded at $4.47 each.

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RF1 by the numbers
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