Tuesday, November 16, 2021

Ruffer Investment Company Rights Issue

Ruffer Investment Company (RICA.L) launches a 1 for 4 rights issue at NAV. The stock has been trading for a small premium. This isn't very exciting and is a bit annoying as I just bought 4,000 shares for £3.05 a share. I had sold those shares for less than that to buy into the Regal Funds (RF1.AX) rights issue. I sold some Pengana Private Equity (PE1.AX) shares and used part of Moominmama's concessional contribution for the year to buy the shares. We have a total of 8,000 shares in the SMSF.

I don't think I'll be taking up the rights in the SMSF as I'd have to sell something else or make another retirement contribution. Maybe in Moominmama's account where we have another 8,000 shares.

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