How Will 360 Capital Mortgage REIT Deploy $8.5 Million Raised in Capital Raise?
360 Capital Mortgage REIT has successfully completed a $8.5 million entitlement and shortfall offer, positioning itself for growth through new loan investments. The capital raise may also enhance trading liquidity for unitholders.
- Raised $8.5 million via 1-for-1 entitlement and shortfall offers
- Issued 1,436,979 new units at $5.94 each
- Funds earmarked for new loan investments aligned with strategy
- New units to rank equally with existing units from October 7, 2025
- Potential increase in Trust size and trading liquidity
Capital Raise Completion
360 Capital Mortgage REIT (ASX, TCF) has announced the successful completion of its recent capital raising initiative, comprising a 1-for-1 non-renounceable entitlement offer alongside a shortfall offer. Together, these offers have raised approximately $8.5 million through the issuance of over 1.4 million new units priced at $5.94 each.
Strategic Deployment of Funds
The capital raised is intended to be deployed into new loan investments that align with the Trust’s established investment strategy, which focuses on credit opportunities secured by Australian real estate assets. This move signals the Trust’s commitment to expanding its portfolio and potentially enhancing income streams for investors.
Implications for Unitholders
Unitholders stand to benefit from the increased scale of the Trust, which may translate into improved trading liquidity on the ASX. The new units issued will rank equally with existing units from October 7, 2025, ensuring parity in rights and distributions going forward. However, these new units will not be eligible for the September 2025 monthly distribution, reflecting the timing of the issuance.
Looking Ahead
The timetable for the settlement and trading of the new units is set, with trading expected to commence on October 8, 2025. Investors will be watching closely to see how the expanded capital base translates into new loan investments and whether this will drive enhanced returns or liquidity in the months ahead.
Bottom Line?
The successful raise sets the stage for growth, but investors will be keen to see how quickly new capital is put to work and impacts returns.
Questions in the middle?
- What specific loan investments will the Trust pursue with the new capital?
- How will the increased unit base affect distribution yields in the near term?
- Will the expanded Trust size lead to sustained improvements in trading liquidity?
