PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PMXINC Securities
What this filing means
Prescient has listed 458,968 additional PMXINC securities, the PortfolioMetrix Active Income Prescient Actively Managed ETF, with effect from today at an issue price of approximately R11.64 per security. That takes the securities in issue to 122,119,468. The notice states the unit count, the issue price and the new total, and nothing else — it gives no reason for the creation, so there is no economic signal to read here.
This is a unit-creation notice, not news about how the fund is performing. The manager has added 458,968 new securities to the PMXINC ETF at roughly R11.64 each, which lifts the total in issue to just over 122 million.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A mechanical unit-creation notice with no economic content beyond the numbers it prints. It confirms the JSE approved the listing of 458,968 additional PMXINC securities at approximately R11.64 each and that 122,119,468 are now in issue. It says nothing about the fund's holdings, performance or the reason for the creation, so it carries no conviction signal either way. So what: nothing changes in the investment case here; the fund's next published portfolio or distribution disclosure is where its economics are actually visible.
The fund's next portfolio and distribution disclosure is where its actual economics, rather than its unit count, will be visible.
Evidence from the filing
The notice states the approved additional securities and issue price.
“The JSE has approved the listing of additional 458,968 PMXINC securities with effect from today, at an issue price of approximately R11.64 per security”
The resulting total securities in issue is disclosed.
“Following the listing of the 458,968 securities, there will be 122,119,468 PMXINC securities in issue.”
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