The board of Global Sustainable Farmland Income has this afternoon extended its IPO period, which was initially open until 25 February.

Covid-19 has been heavily impacting financial markets

The fund’s board has said that it has been pleased with the reception that the issue has received from a number of large institutional investors and discretionary wealth managers. The decision to extend the timetable has been taken to provide the fund with a better opportunity to maximise the amount it can raise, in light of current volatile market conditions, primarily reflecting deepenning concerns around the spread of Covid-19.

The company says it intends to publish a further update in due course.

Last week, QuotedData’s James Carthew discussed some of his findings after he met the team behind the fund. You can access the article here.