Metrics Income Opportunities Trust Units (AU:MOT) has released an update.
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The Metrics Income Opportunities Trust has successfully completed a wholesale placement, raising approximately $92.4 million through the issuance of 43,180,000 new units at $2.14 each. This strategic move allows the Trust, managed by Metrics Credit Partners, to invest in a variety of credit assets, in line with its investment mandate and target return. The placement, which was well-received by wholesale investors, emphasizes the Trust’s potential for alternative income generation and participation in credit asset gains.
For further insights into AU:MOT stock, check out TipRanks’ Stock Analysis page.