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DigiCo Infrastructure REIT Boosts Manager’s Equity Stake via Scrip Fee for Investment Services

Story Highlights
  • DigiCo Infrastructure REIT reported changes in director David Di Pilla’s indirect holdings through various controlled entities.
  • The trust issued 2.41 million stapled securities to HMC Capital as payment in kind for investment management services worth about $11.1 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
DigiCo Infrastructure REIT Boosts Manager’s Equity Stake via Scrip Fee for Investment Services

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Digico Infrastructure REIT ( (AU:DGT) ) has shared an update.

DigiCo Infrastructure REIT has disclosed a change in the indirect security holdings of director David Di Pilla, primarily through entities controlled by him and HMC Capital Limited, reflecting his interests in fully paid stapled securities of the trust. The REIT issued 2,409,093 additional stapled securities to HMC Capital Limited as consideration for investment management services provided by HMC Digital Infrastructure Investment Management, valued at about $11.1 million, effectively increasing the manager’s equity stake in the vehicle and further aligning management’s interests with those of securityholders.

The most recent analyst rating on (AU:DGT) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on Digico Infrastructure REIT stock, see the AU:DGT Stock Forecast page.

More about Digico Infrastructure REIT

DigiCo Infrastructure REIT (ASX: DGT) is a digital infrastructure real estate investment trust comprising HMC Digital Infrastructure Ltd and HMC Digital Infrastructure Trust, focusing on owning and managing digital infrastructure assets and overseen by HMC Capital as investment manager.

Average Trading Volume: 2,588,246

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.35B

See more insights into DGT stock on TipRanks’ Stock Analysis page.

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