tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Sunday, November 24th, 7:23PM

Investments

rss
Investment News

Fisher Funds to launch listed investment coy

A new investment company Kingfish Limited is intending to make IPO for a listed investment company which will be managed by Fisher Funds.

Thursday, January 29th 2004, 11:21PM
A new investment company Kingfish Limited is intending to make an offer of up to 75 million ordinary shares to the public priced at $1 per share.

The offer will be open for subscription by members of the public, clients of NZX Firms and institutional investors. Kingfish intends to list its shares on the main board of the New Zealand Stock Exchange.

Kingfish has been established to provide investors with access to a diversified portfolio of both listed and unlisted small New Zealand companies. The proceeds of the offer will be invested and subsequently managed by Fisher Funds Management Limited.

The offer will be structured as $50 million with provision for oversubscriptions of $25 million. A priority pool of at least $5 million will be established for subscription by existing clients of the manager, Fisher Funds Management Limited.

Each share will also have an option attached giving the option holder the right to subscribe for an additional share at a future date at $1 per share. Final terms of the options have yet to be confirmed.

Kingfish expects to launch its offer on or about February 28.

« Market timing: Implications for investors Down UnderPositive net funds flow persists through December quarter »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend

Good Returns Investment Centre is brought to you by:

Subscribe Now

Keep up to date with the latest investment news
Subscribe to our newsletter today

Edison Investment Research
  • VietNam Holding
    21 November 2024
    First redemption tender a success
    VietNam Holding (VNH) delivered a 27.3% net asset value (NAV) per share total return over the last 12 months (ending 31 October) in sterling terms. The...
  • Murray Income Trust
    20 November 2024
    Income focus keeps paying dividends
    Murray Income Trust (MUT) invests in high-quality, mainly UK-listed stocks. MUT’s manager, Charles Luke, believes quality stocks are best placed...
  • Apax Global Alpha
    15 November 2024
    Transaction activity picked up in Q324
    Apax Global Alpha (AGA) reported a Q324 NAV total return (TR) of 1.7% in euro terms on a constant currency basis (-0.2% including fx changes), with a 3...
© 2024 Edison Investment Research.

View more research papers »

Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com