A
Listed Investment Company (LIC) is a listed investment vehicle that offers investors access to a diversified portfolio of shares in other companies also listed on the stock market.
Note: For comprehensive comparative data tables for LICs and ETFs please see attached.
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Qualitas Real Estate Income Fund ((QRI))
Raises $54m
On 1 April, QRI announced the successful completion of a $54m placement to a select group of existing shareholders and new wholesale investors. As part of the placement, QRI issued 33.75m new fully paid ordinary shares at $1.60 per share, representing a 0.94% discount to the 10 day VWAP leading into the announcement.
In the accounting and professional services space, practitioners are becoming increasingly entrepreneurial.
The term entrepreneurial describes the ability to see opportunities that others miss and the courage to take calculated risks to push an organisation forward. Entrepreneurs are innovative because they aren’t limited by conventional thinking.
As such, many accounting and professional services firms are not just about record keeping, transactions and tax returns anymore. They have expanded into areas like business advisory services for small-to-medium enterprises including financial analysis, government grant applications, and mergers & acquisitions.
This shift from repetitive, low value compliance-orientated tasks to higher value, strategic tax and business advice has come about because many professionals are listening and responding to changing client needs.