usq-us-student-housing-reit-ipo-listing-asx-feature
Image: Canva.
  • Began trading on Tuesday
  • USQ is managed by Auctus Investment Group
  • Currently trading two cents lower than issue price

Auctus Investment Group (ASX: AVC) announced that at 10:30 am AEDT on the 8th of March, US Student Housing REIT (ASX: USQ) began trading on the ASX.

AVC announced the proposed listing of the REIT focussing on off campus student housing at large public universities in the United States of America on 16 December 2021.

The USQ issue price was $1.38 per unit with 55,541,218 fully paid ordinary units, and the market capitalisation upon listing was A$76.6 million.

Auctus through its wholly owned subsidiary, Auctus Asset Management Pty Ltd (AAM), is the appointed Investment Manager of the REIT and receives a management fee of 0.60% p.a. of Gross Asset Value (GAV).

Auctus through its wholly owned subsidiary, Auctus Investment Holdings Pty Ltd (AIH), has invested A$4.14 million into the REIT and is a 5.4% holder of units as alignment capital.

20 Largest security holders of USQ securities

Holder Name Securities %
National Nominees Limited <Mason Stevens Ltd – Modoms> 8,790,000 15.826%
Auctus Investment Holdings Pty Ltd 3,000,000 5.401%
Navigator Australia Ltd <Mlc Investment Sett A/C> 1,811,594 3.262%
Kja Holdings Pty Ltd 1,450,000 2.611%
Rocketbl Limited 1,200,000 2.161%
Sammin Investments Pty Ltd <The Sammin Investments A/C> 1,123,907 2.024%
G & N Siokos Pty Ltd <G & N Siokos Super Fund> 967,023 1.741%
Flexite Proprietary Limited <The Dr Haddrell Family A/C> 838,310 1.509%
Ipartners Nominees Pty Ltd <Sq Opp Fund Series Sub A/C> 828,008 1.491%
Sarene Investments Limited 795,947 1.433%
Drayton Nominees Pty Ltd <Drayton Family A/C> 601,523 1.083%
Tristyne Pty Ltd 541,375 0.975%
Terrence Towell & Colleen Towell <Our Future Fund> 509,821 0.918%
Kja Holdings Pty Limited <Kja Super Fund> 500,123 0.900%
Quintet Luxembourg/Swissquote Bank Quintet Private Bank (Europe) S A 450,000 0.810%
Jb Holdings (Victoria) P/L 348,207 0.627%
Jolly Yield Australia Pty Ltd 317,697 0.572%
Bahrain Investments Pty Ltd <Bahrain Investment Abs Ent > 312,095 0.562%
Jezal Capital Pty Ltd 298,480 0.537%
Page Girl Pty Ltd <The Miegunyah A/C> 298,480 0.537%
Totals 24,982,590 44.980%
You May Also Like