Financials

Regal Investment Fund (ASX:RF1) Announces Half-Year Results and $104.4m Capital Raising

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Financial Performance

Regal Investment Fund (ASX:RF1) reported a total investment income of $75.7 million for the half-year ended 31 December 2024, marking a 16% increase from $65.5 million in the previous period. Operating profit rose by 34% to $42.9 million, while net tangible assets attributable to unit holders increased to $732.8 million from $594.9 million. The number of units on issue grew to 216.9 thousand from 199.1 thousand, with net tangible assets per unit rising to $3.38 from $2.99.

Capital Raising

On 21 November 2024, the Responsible Entity completed a placement of new fully paid ordinary units, raising approximately $95.3 million. This was followed by a unit purchase plan for existing eligible unit holders, which closed on 12 December 2024, raising an additional $9.1 million. The total proceeds of $104.4 million were allocated to the Fund’s strategies to enhance market liquidity and support its investment mandate.

Distributions and Buy-Backs

The Fund announced a distribution of $0.10 per unit payable on 7 March 2025. During the reporting period, Regal Investment Fund purchased and cancelled 2.7 million units at a cost of $8.8 million, compared to 4.9 million units and $13.7 million in the prior half-year. These actions aimed to address unsatisfied liquidity and manage unit price discounts.

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Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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