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.
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