- MA Credit Income Trust (“Fund”, “MA1”) has successfully raised $330 million, upscaled 10% from its original target
- The offer has closed early due to materially oversubscribed demand
- MA1 will list on the ASX on 5 March 2025
- The Fund targets a risk-adjusted return of the RBA Cash Rate + 4.25% per annum, which is currently 8.6%, over a rolling 12-month period (pre-tax, net of management fees and costs).
Sydney, 10 February 2025 – MA Financial Group Limited (ASX: MAF, “MA Financial”) has successfully closed the Initial Public Offer (“offer”) for the MA Credit Income Trust1 early on 6 February 2025. The offer was materially oversubscribed and has been upscaled from $300 million to $330 million to satisfy a portion of the excess demand.
The Fund is scheduled to list on the ASX on Wednesday 5 March 2025. Settlement is expected to occur on 27 February 2025, with dispatch of holding statements on 3 March 2025.
MA1 provides investors curated access to MA Financial’s flagship private credit strategies. This includes exposure to a $3.7+ billion underlying portfolio of 165 private credit investments, diversified across lending strategies in which MA Financial has a proven track record and specialist capabilities: direct asset lending, asset backed lending and direct corporate lending2.
Ord Minnett and MA Moelis Australia Advisory are Joint Lead Managers and Lead Arrangers, and MST Financial Services, Canaccord Genuity and Shaw and Partners are Joint Lead Managers to the offer.
