Funds Focus

Glennon Capital Small Companies Ltd has recently announced the launch of a new income offer: GC1 RRCPS. Access is available through the Priority shareholder offer and a Broker Firm Offer before listing in December.

The RRCPS will pay a semi annual coupon at 5.60%pa with an initial reset date of 30th September 2024 and traded on the ASX.

Capital raised from this issue will be used to invest in securities listed on the ASX.

Disclosure: Sulieman Ravell is the author of this review and

National Australia Bank has just announced the launch of a new income offer: NAB Convertible Preference Shares (CPS).The first round of access is through a broker firm allocation, prior to shareholder offer and listing in March.

The Notes will pay a quarterly coupon of 3.2%-3.4%pa (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 3.03% as of 13th February, with an initial indicative rate of 6.23%-6.43%pa. (The first pricing is due to be set on date of

Whitefield has announced the launch of a new income offer: Whitefield Convertible Resettable Preference Shares (Whitefield CRPS).The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in August.

The CRPS will pay a half yearly coupon at 7.00%pa plus franking (expected 10%pa gross). The CRPS will be tradable on the ASX.

This issue will be used primarily to expand the underlying portfolio.

 
Equity returns for fixed