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

L1 Global Long Short Fund Ltd (ASX:GLS) insider Rachel Grimes (AM) bought 24,576 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were purchased 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 Dividend Announcement

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

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.