Burford Capital Limited, a global provider of investment capital and risk solutions for litigation, is pleased to announce that the offering of $40 million in contingent preference shares by a wholly-owned subsidiary of the Company has been fully subscribed.

The issuance of the contingent preference shares – through which institutional investors agree on demand to provide up to $40 million in additional capital to the Company – is consistent with Burford’s prior public statements about its capital structure plans.

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Litigation finance investments tend to be medium term in duration and come with some uncertainty around the timing and quantum of their cash inflows and outflows, which means there is potential for a substantial gap between cash committed to investments and cash actually deployed.  As it is inefficient to reserve dollar for dollar against future commitments, the Company believes that the facility offers an innovative alternative to manage the uncertainty around cash flows.

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