WHITEFIELD CONVERTIBLE RESETTABLE PREFERENCE SHARES
| Minimum Investment | $50,000 |
| Expected Close | 09/07/2012 |
Whitefield Resettable Preference Shares
Whitefield have launched a fixed rate fixed income offer yielding 7.00% pa plus franking. A relatively small offering of just $30 Million, we feel this is by far the best hybrid IPO we have seen this yEAR.
With $15 Million set aside for the shareholder offer, the problem for investors is how to get access to this offer, allocation is going to be difficult to source. We have already given our allocation to our advice clients, so unfortunately we can’t help on this issue, but if you are an existing shareholder our view is to fill your boots.
Find out more
If you would like further information on Whitefield Hybrid Offer, please click on the links below:
Key Features
- Limited Offer – The offer is to raise approximately $30 Million, of which $15 Million has been set aside for the shareholder offer. The shares will be traded on the ASX.
- Conversion at each reset date – Investors retain the right to convert at face value at each Reset Date. First Reset Date is 30th Nov 2018.
- Fixed level of income – The distribution rate is fixed at 7.00%pa plus franking (10% gross) for the first 6 years.
- Minimum investment – $50,000 (this is a Wealth Focus minimum)
- Issue Price – $100
Find out more
If you would like further information on Whitefield RPS Offer, please click on the links below:
Best regards
Sulieman Ravell
Wealth Focus Pty Ltd
What do we get paid?
Wealth Focus will receive a commission of 0.909% (exc. GST) of the amount invested. This commission is paid by the product issuer and is NOT an additional charge to the investor.
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