CGF has announced its intention to raise $250m in an underwritten Institutional Share Placement, and a further $30m from existing retail shareholders via an SPP. The Institutional Placement will be offered to qualified and Sophisticated Investors today, with the issue price determined via a variable price bookbuild process with an underwritten “floor” of $7.35 per share. The floor is a 6% discount to the last closing price on 19/8/14, adjusted for final FY14 dividend of 13.5c per share. SPP record date 19/8/2014 7pm   Further information can be found at www.challenger.com.au For Australian Investors only, not for distribution in the United States.