360 Capital Mortgage REIT (ASX: TCF) has requested a trading halt on its securities starting from December 2, 2024. The halt is related to an upcoming announcement about a capital raising initiative. The halt will stay in place until December 4, 2024, or until the announcement is made public.
360 Capital Mortgage REIT has announced a trading halt pending a capital raising announcement. This halt is expected to last until December 4, 2024, ensuring stability before the news is shared. The move is in line with ASX Listing Rule 17.1, and the responsible entity, 360 Capital FM Limited, sees no obstacles in the halt being granted. The company is positioning itself for a key financial maneuver aimed at enhancing its financial standing or enabling new investments. Details of the capital raising will be provided when the announcement is made.
The directors of 360 Capital FM Limited are not aware of any issues that might prevent the trading halt from being granted.