Australia's 360 Capital REIT hits record low on discounted entitlement offer

360 Capital REIT

14/02/2024 24:16

** Shares of 360 Capital REIT  TOT.AX  fall as much as 21.1%
to hit a record low of A$0.430 
    ** REIT undertaking entitlement offer to raise up to about
A$46.8 mln ($30.19 mln)
    ** Issue price A$0.40 per new security is at a discount of
26.6% to stock's last close
    ** Stock posts its biggest intraday pct fall since IPO debut
    ** Stock down about 17% this year, as of last close

($1 = 1.5501 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))