Ruffer Investment Company assembles unconventional toolkit

Ian Orton, 17/11/2021

Ruffer Investment Company (RIC), a London-listed closed-ended investment company, is to launch a share offer to raise £166.61 million to fund new investments.

This reflects buoyant investment demand for RIC’s shares which are currently trading at a premium to net asset value (NAV).

Managed by Ruffer AIFM Limited, RIC intends to issue 56,190,854 new shares at 296.5p, a 2.0 percent discount on the closing share price on the 15th of November. 

Existing shareholders will be able to buy one share for every four they own. Should they wish to purchase more shares, they can take advantage of an exce...

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