Baker McKenzie Advises RAM Group on their AUD 300M Capital Raise and ASX Listing of RAM Secured Income Notes (ASX: RAMHA)

Baker McKenzie is advising the RAM Group in relation to the issue of unsubordinated, secured, deferrable, cumulative and redeemable retail notes (RAM Secured Income Notes or Notes) by RAM Income Capital Ltd (Issuer) to raise between AUD 150 million and AUD 300 million. The offer period closed early after securing AUD 300 million in commitments. The Notes will be issued on Friday, 10 October 2025 and are expected to trade on the ASX from Wednesday, 15 October 2025 under the ticker code "RAMHA".

Baker McKenzie lead partners' Bill Fuggle and Lizzie Lu stated: "This is a confident result for our client, in closing out the offer period early in response to high demand, achieving the upper-end of the amount range being sought. This unique offering provides investors the opportunity to gain indirect exposure to diversified pool of mortgages originated by RAM's non-bank lending business, Brighten."

The RAM Group is an Australian alternative income asset manager, providing investment solutions in credit, real estate, and private equity markets, for institutions and externally advised clients globally. RAM Group provides a global set of investment solutions and has a team of over 200 finance professionals managing more than AUD 6.2 billion in assets.

Baker McKenzie lead partners' Bill Fuggle and Lizzie Lu were supported by Peter Keeran and William Fuggle and further assisted closely by Tom Lennox, Chloe Collins, Trudi Procter, Stephen Cerni, Serena Chow, Miles Hurst, Janet Cho, Aleksandra Zochowski, Ed Dymond, Sophie Liu, Alvin Ann Alex and Archit Dhillon.

The deal involved the ASX Fast Track process and the newly introduced ASIC Fast Track trial being utilised.