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Highlights
- Metrics Master Income Trust announces $315 million placement
- Funds to support new lending and portfolio diversification
- Trading halt in place as placement proceeds
Metrics Master Income Trust (ASX:MXT), managed by private credit specialist Metrics Credit Partners, has announced a major capital raising initiative aimed at securing up to $315 million. The move comes as the trust enters a trading halt on the ASX, pending the completion of a wholesale placement.
This strategic placement will see the issue of 157.5 million new units at $2.00 each, targeting wholesale investors. This represents a slight discount from the last traded price of $2.03. According to the trust, cornerstone investors are expected to contribute up to $100 million of the total placement, showcasing confidence in the fund’s long-term performance and portfolio management strategy.
The capital raised will be allocated to fresh lending opportunities, broadening the trust’s credit exposure and reinforcing portfolio diversification. Managed by Pinnacle Investment Management’s credit affiliate, Metrics Credit Partners, the trust aims to maintain a well-balanced lending structure that mitigates concentration risks and delivers consistent income streams to investors.
Metrics’ Managing Partner, Andrew Lockhart, highlighted the trust’s performance since listing almost eight years ago. Over this time, Metrics Master Income Trust has built a reputation for delivering on its investment mandate while steadily expanding its portfolio. According to Lockhart, the current placement is part of a wider plan to identify and originate quality lending opportunities that align with the trust’s conservative credit approach.
The trust is recognised among prominent ASX dividend stocks due to its focus on generating regular income through private credit investments. Its performance and yield have attracted a growing base of income-focused investors seeking alternatives to traditional fixed income options.
Given its inclusion in the S&P/ASX200 index, the trust continues to gain attention in Australia's broader investment landscape. The ASX200 benchmark often serves as a key point of reference for both institutional and retail investors assessing diversified income options on the exchange.
The capital raise is expected to strengthen Metrics Master Income Trust’s lending capability and support ongoing efforts to maintain a risk-adjusted, diversified income strategy—solidifying its position as a notable contender in the ASX200 space. The trust's future direction remains closely aligned with its established investment principles and focus on portfolio quality and sustainable income.
