SATRIXCAP announced today the successful listing of an additional 100,000 securities, expanding its market presence and solidifying its position as a sought-after investment option for discerning investors. The securities were issued and listed at an issue price of approximately R37.74 per security, thereby increasing the total number of SATRIXCAP securities in circulation to an impressive 8,979,427.
The strategic move by SATRIXCAP comes as part of its ongoing commitment to meet the rising investor demand for its portfolio, which primarily focuses on the SATRIX Capped All Share ETF (Exchange-Traded Fund). Operating under the regulatory framework of the Collective Investment Schemes Control Act, 45 of 2002, SATRIXCAP offers investors a secure and transparent investment vehicle.
By listing an additional 100,000 securities effective immediately, SATRIXCAP aims to attract further interest from both institutional and individual investors, looking to diversify their portfolios and capitalize on the performance of the SATRIXCAP fund. The issue price of R37.74 per security equates to a total value of R3,774,000 for the newly listed securities.
This decision underscores SATRIXCAP’s confidence in the current market conditions and highlights its commitment to fulfilling the investment needs of a wider range of investors. The increased number of securities in circulation will enhance liquidity and ensure investors have ample opportunities to enter or exit their positions with ease.