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Global Data Centre Group ( (AU:GDC) ) has issued an announcement.
Global Data Centre Group has announced a further distribution determination following the indirect disposal of its investment in AirTrunk. The recommended distribution is set at A$1.44 per security, which is lower than previous guidance due to the need to cover forecast running costs and risks associated with tax and contractual obligations. The company aims to finalize this distribution by the end of May 2025. Additionally, GDC has successfully repaid a loan related to the AirTrunk divestment, marking a significant step in its financial management and operational strategy.
More about Global Data Centre Group
Global Data Centre Group (ASX: GDC) is focused on investing in digital infrastructure assets and businesses, aiming for an internal rate of return of 10% per annum. The group is managed by Lanrik Partners Pty Ltd.
Technical Sentiment Signal: Buy
Current Market Cap: A$110.1M
Learn more about GDC stock on TipRanks’ Stock Analysis page.