Completion of Wholesale Placement by Metrics Master Income Trust (ASX: $MXT)

Metrics Master Income Trust (ASX: $MXT) has successfully completed a wholesale investor placement, raising $47,500,000 through the issuance of 23,750,000 new ordinary fully paid units at a price of $2.00 per unit. The placement was conducted under ASX Listing Rule 7.1, and no securityholder approval was required for the issue of the new units. Settlement of the placement is scheduled for Tuesday, 2 April 2024, with the issue of the new units and their ASX quotation to occur on Thursday, 4 April 2024 and Friday, 5 April 2024, respectively.

Metrics' Managing Partner, Andrew Lockhart, on the Placement

We are delighted to have completed another wholesale placement and to see continued strong investor support for MXT. We continue to see a significant pipeline of transaction opportunities allowing for this additional capital to be deployed in accordance with the investment mandate of the Trust. We believe that MXT presents an attractive option for investors seeking low capital volatility and regular income as an alternative to traditional fixed income investments.

Summary of Metrics Master Income Trust (ASX: $MXT) Wholesale Placement

The completion of the wholesale placement by Metrics Master Income Trust (ASX: $MXT) has resulted in the raising of $47,500,000 through the issuance of 23,750,000 new ordinary fully paid units at a price of $2.00 per unit. The proceeds from the placement will be invested by Metrics Credit Partners Pty Ltd in accordance with the investment mandate and target return of MXT. Following the completion of the placement, the Trust will have 1,059,849,775 units on issue. Metrics, with assets under management in excess of A$17 billion, specializes in direct lending to Australian companies and is an active participant in the Australian private credit market. The Responsible Entity has prepared a target market determination in respect of the Trust, and further information about the placement is available on the Metrics website. The placement was not underwritten but was lead managed by Ord Minnett Limited and E&P Corporate Advisory Pty Ltd. The completion of the placement marks a significant milestone for MXT, reflecting strong investor confidence and support for its investment mandate and opportunities.