News and Announcements
Folkestone Successfully Completes Second Unlisted Fund Capital Raising
- Published July 02, 2013 11:24AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
ASX ANNOUNCEMENT
Folkestone Funds Management (Folkestone) is pleased to announce that the Folkestone Real Estate Income Fund at Wollongong (Fund) closed for applications approximately 50 per cent oversubscribed.
Folkestone’s Managing Director, Mr Greg Paramor said, “the success of the capital raising demonstrates that investors continue to seek investments with strong income returns and quality covenants. The Fund’s forecast FY14 distribution yield of 10.5 per cent with the majority of the Asset’s income being derived from Commonwealth and State Government tenants offers investors, particularly self-managed superannuation funds, with an attractive risk-adjusted return.”
To read full ASX announcement, please download the document below.
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