Prescient Management Company Expands REITWAY Global Property ETF Listing, Meeting Investor Demand

  • Prescient Management Company (RF) (Pty) Ltd plans to list an additional 5,000,000 Reitway Global Property Diversified Prescient ETF securities on the JSE.
  • The securities will be issued at an issue price of R 9.87 per security, resulting in a total of 5,900,000 securities in circulation.
  • The listing aims to meet the growing demand for the Reitway Global Property Diversified Prescient ETF and provide investors with increased liquidity and trading opportunities.
Prescient Fund

Prescient Management Company (RF) (Pty) Ltd has made a significant announcement today. The company revealed its plans to list an additional 5,000,000 Reitway Global Property Diversified Prescient ETF securities on the Johannesburg Stock Exchange (JSE). This move aims to meet the growing demand for this investment offering and provide investors with enhanced opportunities.

The Reitway Global Property Diversified Prescient ETF, identified by its share code RWDVF and short name RWGDVPROP, operates as a portfolio within the Prescient Collective Investment Scheme in ETF Securities. This particular scheme is registered under the Republic of South Africa’s Collective Investment Schemes Control Act, 45 of 2002 (CISCA), ensuring regulatory compliance and investor protection.

Investors will have the chance to acquire these additional securities at an issue price of R 9.87 per security, effectively increasing the total number of Reitway Global Property Diversified Prescient ETF securities in circulation to 5,900,000. With this expansion, investors can expect improved liquidity and more trading opportunities within the Reitway Global Property Diversified Prescient ETF.

Prescient Management Company has enlisted the expertise of Prescient Structured Product Advisory (Pty) Ltd to serve as the Listing Advisor for this significant transaction. Their role encompasses guiding the process to ensure compliance with regulatory requirements and facilitating a seamless listing experience.

The decision to list the additional 5,000,000 Reitway Global Property Diversified Prescient ETF securities underscores the growing interest and demand from investors seeking exposure to global property investments. The ETF offers a diversified portfolio of real estate assets across various regions and sectors, providing investors with an avenue for broad-based real estate investment.

Quick Poll

Related

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.