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Three funds enter share placement agreements

Three funds enter share placement agreements

Three fund companies on Thursday announced they had arranged share placements with clients of Dixon Advisory & Superannuation Services.

Asian Masters Fund (ASX:AUF) said it had arranged to place shares at an issue price of $1.01 per share, The company has prior shareholder approval to offer up to 58.9 million shares.

Australian Governance Masters Index Fund (ASX:AQF) has arranged to place shares at $1.59 apiece and has been cleared to offer up to 13.8 million shares.

Global Resource Masters Fund (ASX:GRF) will meanwhile set a price of $1.75 per share and may issue up to 28.5 million shares.

Each fund company said their respective placements have been priced so that they will not have a dilutive effect on existing investors' stakes.

All three said they plan to use the proceeds to pursue additional fund investments.

AUF shares grew 1.01% in Thursday's trading to $1.000, while AQF shares stayed flat at $1.630. GRF also closed unchanged at $1.750.

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Tags ASX:AUFAustralian Governance Masters Index FundASX:AQFAsian Masters FundASX:GRFDixon Advi

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