Rachel Grimes (AM) Buys 24,576 Shares of L1 Global Long Short Fund (ASX:GLS) Stock

L1 Global Long Short Fund Ltd (ASX:GLSGet Free Report) insider Rachel Grimes (AM) acquired 24,576 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average cost of A$1.90 per share, for a total transaction of A$46,694.40.

L1 Global Long Short Fund Stock Performance

L1 Global Long Short Fund Announces Dividend

The company also recently disclosed a Interim dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 19th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 4th. This represents a yield of 51.0%.

L1 Global Long Short Fund (ASX: GLS) is an Australian-listed investment company that offers investors exposure to a global long/short equity strategy. The fund is structured to provide diversified access to international equity markets by taking both long and short positions in listed securities, with the objective of generating returns uncorrelated to traditional long-only equity benchmarks.

The fund’s investment approach combines fundamental equity selection with portfolio-level risk management.

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