Eagle Real Estate Investment Trust (REIT) is seeking unitholders’ approval to raise $35 million capital.
The trust – set to hold an Annual General Meeting on 8 July 2026 to transact the matter, among other business – said the funds will be raised “over a period of thirty-six months…or…shorter”.
It said the “capital may be raised through one or more private placements, strategic subscriptions, institutional subscriptions, property backed subscriptions, convertible instruments or other approved capital raising structures, provided that the issue or conversion of any units shall be undertaken in accordance with the Trust Deed, the approved Net Asset Value-based pricing methodology and all applicable regulatory”.
Eagle is a United States dollar-denominated development fund listed on the Victoria Falls Stock Exchange.
It reported an impressive 1100 percent year-over-year profit surge to US$213,936 in Q1 2026, exceeding budget expectations.
The solid performance was driven by improved residential stand sales and disciplined cost management, which allowed the trust to continue accelerating its retail and tourism development pipeline