Ok, so read below, SALT had already bought into TOT, and then particapated in the CR, dont think they were overly happy with the CR, but appears to be ok now.
From SALT Feb 2024 monthly update......falls under their "Enhanced Porperty fund"
The other main drag on relative performance was our small position in 360 Capital REIT (TOT, -22.1%) who announced a rights issue alongside their result. Similar to GDI, TOT is a small cap office fund with high-quality well-located assets but highly geared. They have decided to raise capital from existing shareholders rather than sell assets in the current market where offers have been below replacement value. We engaged with management and will fully take-up our rights in the offer.
So seems ok to me. NB I hold TPG only.
TOT Price at posting:
42.5¢ Sentiment: Hold Disclosure: Not Held
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