Qualitas Real Estate Income Fund (ASX: $QRI) Placement Announcement

Qualitas Real Estate Income Fund (ASX: $QRI) has successfully raised approximately $36.9 million through a wholesale investor placement, exceeding the target offer size outlined in the announcement. The placement, which received binding commitments for 23,071,442 new ordinary fully paid units at a price of $1.60 per unit, does not require shareholder approval under ASX Listing Rule 7.1. QRI units will resume trading on the ASX from 10:00am AEST today, Friday, 28 June 2024. The proceeds from the placement will be invested in secured commercial real estate loans in line with the Trust's investment mandate and Product Disclosure Statement.

Executive Commentary on Placement Success

Mark Power, Head of Income Credit at Qualitas, expressed, 'The success of this placement and the recent growth of QRI highlights the ongoing investor demand for products that can deliver monthly income at attractive risk-adjusted returns, capital preservation, and portfolio diversification. We have strong conviction in real estate private credit and believe QRI is well positioned to continue to deliver on its investment objectives.'

Summary of Qualitas Real Estate Income Fund Placement

The Qualitas Real Estate Income Fund (QRI) has raised approximately $36.9 million through a successful wholesale investor placement, surpassing the target offer size. The proceeds from the placement will be utilized by QRI Manager Pty Ltd to invest in secured commercial real estate loans, aligning with the Trust's investment mandate. The Trust's commitment to delivering monthly income, capital preservation, and portfolio diversification reflects the ongoing investor demand for such products. With a strong belief in real estate private credit, Qualitas remains optimistic about QRI's ability to achieve its investment objectives and continue its growth trajectory.