Hedge Brasil Shopping Fundo de Investimento Imobiliário (HGBS11), a major Brazilian Real Estate Fund (FII) focused on shopping malls, has opened its preference rights window for a substantial 12th issuance, targeting up to R$ 295.2 million in capital from professional investors. The offering, which aims to issue up to 14.4 million shares, sets the subscription price at R$ 20.50 per share, covering a Net Asset Value (NAV) of R$ 20.30 plus a R$ 0.20 cost. This preference rights period began on July 27 and will close quickly, with the final deadline set for August 7, requiring prompt action from eligible shareholders looking to maintain their proportional ownership.