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Charter Hall Group ( (AU:CHC) ) has shared an announcement.
Charter Hall Group has announced a capital reallocation of 42.28 cents per security, approved by Securityholders at their recent Annual General Meeting. This reallocation involves moving capital from Charter Hall Limited (CHL) to Charter Hall Property Trust (CHPT), with no cash payments or issuance of new shares or units. The reallocation includes a return of capital and a special fully franked dividend, impacting the tax cost base for Securityholders. This strategic move is expected to optimize the company’s capital structure and enhance value for stakeholders.
The most recent analyst rating on (AU:CHC) stock is a Buy with a A$26.10 price target. To see the full list of analyst forecasts on Charter Hall Group stock, see the AU:CHC Stock Forecast page.
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, aiming to create value and generate superior returns for its investor customers. Charter Hall has developed a diverse portfolio of high-quality properties across core sectors such as Office, Industrial & Logistics, Retail, and Social Infrastructure, focusing on partnerships and financial discipline to support growth for its customers, people, and communities.
Average Trading Volume: 1,154,919
Technical Sentiment Signal: Buy
Current Market Cap: A$11.59B
Learn more about CHC stock on TipRanks’ Stock Analysis page.