CDO successfully raises $5.7m through SPP and Placement

• CDO raised $5.7M through SPP and Placement
• SPP received applications for $3.3M from 230 shareholders
• Placement raised $2.3M at $2.21 per share
• New shares to be issued on 25 September 2026
• Shares to receive dividends of 7.5 cps and 2.0 cps

Cadence Opportunities Fund Limited (ASX: CDO) announced a successful capital raise of $5.7 million through its Share Purchase Plan (SPP) and Placement, increasing the company's Net Tangible Asset (NTA) by 17%. The SPP, announced on 31 August 2026, received applications for approximately $3.3 million from about 230 eligible shareholders, representing 34% of CDO shareholders. The Placement raised $2.3 million from professional and sophisticated investors, issuing 1.1 million new shares at $2.21 each, the same price as the SPP. Shares issued under both the SPP and Placement will rank equally with existing shares and will receive an annualized gross yield of 11% or a fully franked yield of 7.7%.

NTA increase of 17%, SPP applications for $3.3M, Placement raised $2.3M

CDO aims to grow the company to improve share liquidity and reduce fixed expense ratio.