Invesco Bond Income Plus unveils discounted £15m fundraising
The fundraising will open today (24 January) and close on 7 February, with admission of the new shares expected on 12 February.
Investors will be offered access to the trust at a 75 bps premium to NAV, a discount to its current 1.79% premium, according to data from the Association of Investment Companies.
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The retail offer will be undertaken via the Winterflood Retail Access Platform.
The issue price for the fundraising will be based on cum-income NAV per share prior to the fundraising close and will be revealed on 6 February 2024.
Winterflood Securities will act as bookrunner for the placing and, while the retail offer is being underwritten via its platform, the placing will not be underwritten, BIPS' board explained.
The fundraising will be capped at £15m and the retail offer will not exceed €8m (£6.8m).
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The shares released during the fundraising will confer investors the right to receive all dividends and any other future distribution, and the trust will apply to the Financial Conduct Authority to have the shares admitted to the premium listing segment of the official list and to the London Stock Exchange for admission to the main market for listed securities.
The fundraising will open today (24 January) and close on 7 February, with admission of the new shares expected on 12 February.
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