Australia's Whitefield Income loses most in over a year on discounted entitlement offer

Whitefield Income

19/05/2026 01:46

** Shares of Whitefield Income WHI.AX fall as much as 4.4% to A$1.3, its biggest intraday pct drop since April 4, 2025

** Stock hits lowest level since March 30

** Investment firm says it would raise up to A$108 million ($77.39 million) through entitlement offer

** Offer price of A$1.22 to acquire 2 new shares for every 5 existing shares in co marks 10.3% discount, as of firm's last close

** YTD, stock down 7.5%

($1 = 1.3955 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))