Charter Hall Group ( (AU:CHC) ) just unveiled an announcement.
Charter Hall Group announced a capital reallocation of 84.56 cents per security, approved by Securityholders at the 2024 Annual General Meeting. This reallocation involves moving capital from Charter Hall Limited to Charter Hall Property Trust, with a return of capital and a special fully franked dividend being applied as additional capital to CHPT. The reallocation is not expected to involve any cash payments or issuance of new shares or units. This strategic financial maneuver aims to optimize Charter Hall’s capital structure, potentially enhancing its market position and delivering value to stakeholders.
More about Charter Hall Group
Charter Hall Group is Australia’s leading fully integrated diversified property investment and funds management group. The company leverages its expertise to access, deploy, manage, and invest equity to create value and generate superior returns for investor customers. Charter Hall has curated a diverse portfolio of high-quality properties across core sectors including Office, Industrial & Logistics, Retail, and Social Infrastructure, focusing on partnerships and financial discipline to support growth for customers, people, and communities.
YTD Price Performance: 6.30%
Average Trading Volume: 1,513
Technical Sentiment Signal: Sell
Current Market Cap: $4.53B
See more data about CHC stock on TipRanks’ Stock Analysis page.