SATRIX COLLECTIVE INVESTMENT SCHEME, has made an exciting announcement today regarding the SATRIX GLOBAL AGGREGATE BOND FEEDER PORTFOLIO (JSE Code: STXGBD, ISIN: ZAE0000289526), known as “Satrixgbd.” The company has successfully listed an additional 200,000 securities, marking a significant milestone in expanding investment opportunities for its valued clients.
SATRIXGBD, operating as a portfolio under the Satrix Collective Investment Scheme, adheres to the regulations established by the Collective Investment Schemes Control Act (Act No. 45 of 2002). These regulations ensure transparency and protect the interests of investors.
The decision to issue and list 200,000 new securities reflects SATRIXGBD’s dedication to providing investors with a diverse range of options within the bond market. By increasing the number of securities available, SATRIXGBD aims to meet the evolving needs of its clients while seizing potential growth opportunities within the bond market.
The issue price for the newly listed securities has been set at approximately R40.09 per security. This pricing strategy was carefully determined by SATRIXGBD to ensure fairness for investors, taking into account prevailing market conditions and the underlying value of the portfolio.
With the successful listing of these 200,000 securities, the total number of SATRIXGBD securities in circulation will reach 8,021,168. This increase in securities is expected to enhance liquidity and facilitate trading activities, allowing investors to access the market more efficiently.