Shaw and Partners and Moelis raise for 360 Capital Total Return Fund News14 Oct 2019

Stockbrokers Moelis and Shaw and Partners are seeking buyers for securities in 360 Capital Total Return Fund.

 

The brokers have underwritten a $10.8 million raising, which was to be done via an institutional placement at $1.18 per unit.

 

The deal was priced in line with the five-day VWAP, according to terms sent to fund managers, and implied a 7.6 per cent forecast annualised distribution yield.

 

Funds raised were to support 360 Capital Total Return Fund's non-bank lending activities. It came soon after the fund reached first close on $32.8 million of senior first mortgage debt deals, including a $23.1 million first mortgage financing of seven childcare centres leased to Affinity Education.

 

It also came as the fund announced it would merge with fellow listed property play URB Investments Ltd via a scheme of arrangement.

 

Article source: AFR, 14 October 2019

Related Articles
News09 Jun 2025 Celebrating 10 Years of Shaw and Partners in Adelaide
Ten years ago, on Thursday 11 June 2015, Shaw and Partners Financial Services proudly opened the doors to a modest office in Adelaide with a clear ambition—to build a strong presen... Read More
News04 Jun 2025 Shaw and Partners strengthens surf sports partnership with shake up of 2025 Shaw and Partners Coolangatta Gold
After celebrating its 40th anniversary last summer, the Shaw and Partners Coolangatta Gold is set for a major shakeup in 2025.   Coolangatta Beach will once again host the Shaw a... Read More
News14 May 2025 THINK YOU KNOW GOLD? Shaw and Partners Gold Price Prediction Competition
THINK YOU KNOW GOLD? Here's your chance to win a Shaw and Partners hamper!  The Shaw and Partners Gold Price Prediction Competition is closing soon. Launched in the June Quarter ... Read More
News13 May 2025 Shaw and Partners continues to attract some of Australia’s most respected investment advisers.
Shaw and Partners Queensland State Manager Glen Gannon has welcomed Dwight Phillips, Tim Harbort and Craig Clark to the Brisbane office, a high-performing team with more than 50 ye... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%