Sydney, Australia: H.R.L. Morrison & Co is pleased to announce the completion of a capital raising for the Utilities Trust of Australia (‘UTA’) under a pre-emptive rights mechanism.
As manager of UTA, Morrison & Co successfully raised A$250 million from existing unit holders, to support future growth opportunities.
Nicole Walker, Chief Commercial Officer at Morrison & Co said: “This capital raising provides UTA with access to committed capital to be used exclusively to support future developments within UTA’s existing portfolio. We would like to thank unit holders for their continued support and confidence in the Fund.”
UTA is an open-ended core infrastructure fund for institutional investors with a long-term investment horizon and a low-to-moderate appetite for risk. UTA has a globally diversified portfolio of quality assets and a track record of delivering strong returns with low volatility over time. UTA was established in 1994 and is one of Australia's first infrastructure investment funds. For more information, visit the UTA website: https://www.uta.com.au/
Media Contact:
Anthea Cudworth
Morrison & Co
Anthea.Cudworth@HRLMorrison.com
+61 4 1400 6890