December 04, 2024

Whitefield Income Ltd closes IPO at $200m maximum

4 December 2024


_WHITEFIELD INCOME LIMITED ANNOUNCES THAT IT HAS NOW CLOSED ITS IPO AT THE $200M ISSUE MAXIMUM


Whitefield Income Limited is pleased to announce that it has now closed its IPO, having raised the Offer’s $200m maximum subscription.

Whitefield Income aims to provide investors with an investment return from a diverse, actively managed strategy that systematically invests in S&P/ASX300 shares over their income recognition and dividend payment periods and which distributes return to shareholders through monthly franked dividends.

Whitefield Income’s investment strategy has been operated by its investment manager in an unlisted fund for nearly 4 years prior to the launch of Whitefield Income Limited.

Commenting on the successful issue, chairman Angus Gluskie said “we are exceptionally pleased at the level of interest shown by investors in this strategy, which seeks to deliver quality of outcomes over the long term based on structure and system in contrast to strategies that rely solely on stock picking.”

Whitefield Income is managed by the same investment team that manages Whitefield Industrials Limited, now in its 102nd year of continuous operation.


REQUEST FOR INTERVIEW:
Monica Knight: mknight@whitefield.com.au
Angus Gluskie: agluskie@whitefield.com.au

Note: This document has been prepared and issued by Whitefield Income Limited (ACN 658 702 222) of level 19, 68 Pitt Street, Sydney NSW 2000. The letter does not take into account the investment objectives, financial situation or particular needs of any person and should not be used as the basis for making investment, financial or other decisions. The information is selective and may not be complete or accurate for your particular purposes and should not be construed as a recommendation to invest in any particular investment or security, or fund.