MEDIA RELEASE: Qualitas Real Estate Income Fund (ASX:QRI) Entitlement Offer raises $171.6 million

28 October 2021

We are pleased to announce that QRI’s Entitlement Offer and Shortfall Offer has now closed and raised $171.6m of new capital bringing QRI to c$600m – making it the 4th largest credit Listed Investment Trust (LIT) on the ASX1.

Combined with the private placement and unit purchase plan, new capital raised in the last 10 months has totalled c$239m from both existing and new investors.

Since the start of this year, QRI has grown an impressive 66% in fund size to now $600m of total capital. The new capital raised is further evidence of the growing investor demand for the commercial real estate (CRE) debt asset class, which provides regular income at attractive risk adjusted returns2.

Andrew Schwartz, Group Managing Director of Qualitas said: “we are now in a busy period for CRE debt investment, and the increase in capital provides QRI with the relevance and scale to increase its investment activities and participate in larger loan transactions in the expanding CRE debt market. The larger fund size also benefits from greater operating cost efficiencies and liquidity for unitholders”.

QRI is coming up to its third anniversary and we would like to take the opportunity to thank all existing unitholders who participated in the Entitlement Offer and welcome new unitholders who participated in the Shortfall Offer.

E&P Corporate Advisory Pty Limited acted as Arranger and Joint Lead Manager to the Entitlement Offer. National Australia Bank Limited, Canaccord Genuity Financial Limited, Taylor Collison Limited and Crestone Wealth Management Limited acted as Joint Lead Managers and Bell Potter Securities Limited acted as Co-Manager.

Access more information on QRI.

 

1 Based on information obtained from the ASX on 28/10/2021.

2 Past performance is not a reliable indicator of future performance.


Notices and Disclaimers

This communication has been issued and authorised for release by The Trust Company (RE Services) Limited (ACN 003 278 831) (AFSL 235150) as responsible entity of The Qualitas Real Estate Income Fund (ARSN 627 917 971) (“Trust” or “Fund”) and has been prepared by QRI Manager Pty Ltd (ACN 625 857 070) (AFS Representative 1266996 as authorised representative of Qualitas Securities Pty Ltd (ACN 136 451 128) (AFSL 34224).

This communication contains general information only and does not take into account your investment objectives, financial situation or needs. It does not constitute financial, tax or legal advice, nor is it an offer, invitation or recommendation to subscribe or purchase a unit in QRI or any other financial product. Before making an investment decision, you should consider whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

While every effort has been made to ensure the information in this communication is accurate; its accuracy, reliability or completeness is not guaranteed and none of The Trust Company (RE Services) Limited (ACN 003 278 831), QRI Manager Pty Ltd (ACN 625 857 070), Qualitas Securities Pty Ltd (ACN 136 451 128) or any of their related entities or their respective directors or officers are liable to you in respect of this communication. Past performance is not a reliable indicator of future performance.

The PDS and a target market determination for units in the Trust can be obtained by visiting the Trust website www.qualitas.com.au/qri. The Trust Company (RE Services) Limited as responsible entity of the Fund is the issuer of units in the Trust. A person should consider the PDS in deciding whether to acquire, or to continue to hold, units in the Trust.