Ruffer raises £41m in latest share offer

Brings its total issuance for 2021 to £173m

clock • 1 min read

Ruffer Investment Company has raised £40.9m from its recent share offer, bringing its total issuance for 2021 to £173m.

The company said the offer was launched to give retail investors access to new shares, adding that they represented a large proportion of the buyers in the offer. Ruffer added that it saw strong demand for its shares, resulting in them trading at a 5.5% premium to its net asset value prior to the share offer. The company was required to publish a prospectus to continue its regular issuance program, with its board using this opportunity to launch the offer and allow retail investors to participate.  It added that regular tap issuance will continue as long as there is demand from shareh...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot