Publicly listed agricultural property investment company, The Ark Fund, has announced a $55 million capital raising and an implementation agreement to effect its merger with private managed investment scheme player Rewards Group.
Specialist agribusiness manager Rewards Group Ltd has teamed up with listed Perth company APA Financial Services Ltd to develop a suite of platform reporting capabilities for Rewards' investment products.
Managed investment scheme promoter Rewards Group Ltd believes its close alliance with listed investment company, The Ark Fund Ltd, will reduce the adverse impact of recent tax changes on its non-forestry projects.
