MA CREDIT INCOME TRUST
ASX:MA1Fund / trustShare count grew 65% in 24 months; 6 cash raises in 24 months
MA CREDIT INCOME TRUST's ordinary share count rose 64.7% between April 2025 and October 2026, its latest share-count filing, to 273M shares. Over that period the trust made six capital raisings for total disclosed proceeds of A$571.5M, the most recent being a non-renounceable entitlement offer and shortfall offer in September 2025 that raised A$190.5M. No options or rights on issue are disclosed. As a bank, lender, insurer, property or investment vehicle, the trust's operating cash flow is not measured by a spend rate, so no funding-runway figure is reported. No proposed securities issues are currently pending.
Quick answers · 3
When did MA1 last raise capital?
The last capital raise in Ma Credit Income Trust's filings is Non-Renounceable Entitlement Offer and Shortfall Offer of $190.5M announced 29 Sept 2025, one of 3 cash raises in 24 months.
How much placement capacity does MA1 have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much has MA1's share count grown?
Ma Credit Income Trust has 272.8M shares on issue as at 28 Oct 2026, up 64.7% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 15 Oct 2026 | 2A · quoted issue | MA1 : ORDINARY UNITS FULLY PAID | 272.8M | Appendix 2A |
| 1 Oct 2026 | 3H · cancellation | MA1 : ORDINARY UNITS FULLY PAID | 272.8M | Appendix 3H |
| 14 Sept 2026 | 2A · quoted issue | MA1 : ORDINARY UNITS FULLY PAID | 279.8M | Appendix 2A |
| 17 Aug 2026 | 2A · quoted issue | MA1 : ORDINARY UNITS FULLY PAID | 279.7M | Appendix 2A |
| 21 July 2026 | 2A · quoted issue | MA1 : ORDINARY UNITS FULLY PAID | 279.7M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 0 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.