ASGI Rights Offering Raises ~$70M at $19.28/Share; Only 34% of Offered Shares Subscribed

summarizeSummary

ASGI's rights offering expired October 15, 2026 with roughly 3.58 million shares subscribed at $19.28 each, raising about $70 million — only about a third of the 10.55 million shares offered.

check_boxKey Events · Financing and Capital Events · ASGI

• Rights Offering Results Announced

  The offering expired October 15, 2026 and is expected to issue approximately 3,582,068 Common Shares, versus up to 10,545,755 shares offered.

• Final Subscription Price $19.28

  Priced by formula at 92.5% of the five-day average closing market price (or 92.5% of NAV if lower); the $19.28 print is close to the $19.34 current market price.

• Gross Proceeds ~$70 Million

  3,582,068 shares x $19.28 = approximately $70 million before offering expenses.

• Weak Take-Up vs. Maximum

  Only about 34% of the 10,545,755 shares offered were subscribed, leaving the fund well short of the maximum raise.

auto_awesomeAnalysis · ASGI · Unknown

ASGI's transferable rights offering expired October 15, 2026 and will issue roughly 3.58 million shares at $19.28 each, raising about $70 million before expenses. That is only about 34% of the 10.55 million shares the fund had offered, so demand was weak relative to the maximum. The subscription price was set by formula at 92.5% of the five-day average closing market price (or 92.5% of NAV if lower), which is the standard discount that makes a rights offering attractive; the final $19.28 print is close to today's $19.34 market price, so the deal priced roughly in line with the market rather than at a deep discount. For a closed-end fund trading near its 52-week low, the raise adds capital and modestly dilutes existing holders, but the low take-up means the fund did not get the full $200M+ it could have raised at the maximum subscription.