CBA shares suspended

CBA shares have been suspended ahead of a $5bn capital raising alongside its full-year results.

Commonwealth Bank has suspended its shares from trading while it conducts the institutional portion of a fully underwritten $5bn renounceable rights issue, which it announced alongside a 5% rise in cash net profit for the year to 30 June. Not least because the shares are suspended, we've prioritised other results and will publish a fuller update later this week. HOLD.

Note: Our Income Portfolio owns shares in CBA.

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