Blue Sky Alternatives Access Fund Limited (ASX:BAF) today announced that it will raise up to approximately $48.9 million through a 1 for 4 non-renounceable entitlement offer of fully paid ordinary shares in the company to eligible shareholders at an offer price of $1.14 per new share. Shaw and Partners has been appointed Co-Manager on this transaction.

The offer price of $1.14 per new share represents a 5.8% discount to the last close of $1.21 (Friday 13 October); a 6.4% discount to the 30 day volume-weighted average price of $1.22 (VWAP ending Friday 13 October) and a 1.8% premium to the pre-tax NTA of $1.12.

The proceeds from the offer will be used to continue to build a diversified and actively-managed portfolio of alternative assets.

For more information or to obtain a copy of the prospectus, please contact your Shaw and Partners Adviser.

About Blue Sky Alternatives Access Fund Limited

Blue Sky Alternatives Access Fund Limited (ASX:BAF) is a listed investment company on the Australian Securities Exchange that allows investors to invest in a diverse portfolio of actively managed alternative assets. The Funds is managed by a wholly-owned subsidiary of Blue Sky Alternative Investments Limited. (ASX:BLA). The Fund has delivered pre-tax fund performance of 9.8% per annum since inception.