Soul Patts Adjusts Convertible Notes Conversion Price Following Dividend

Washington H. Soul Pattinson and Co. Ltd. ( (AU:SOL) ) has provided an announcement.

Washington H. Soul Pattinson and Company Limited announced an adjustment in the conversion price of its A$450 million Senior Convertible Notes due 2030, following a fully franked interim cash dividend of A$0.44 per share. This adjustment, effective from April 15, 2025, reflects the company’s commitment to maintaining shareholder value and could influence the attractiveness of its convertible notes to investors.

More about Washington H. Soul Pattinson and Co. Ltd.

Washington H. Soul Pattinson and Company Limited, known as Soul Patts, is an Australian public company with a history dating back to 1903. Originally focused on owning and operating pharmacies, it has transformed into an investment house with a diversified portfolio across various industries. The company aims to deliver superior returns through capital growth and regular dividends, offering investors access to asset classes such as listed equities, private markets, credit, and property.

YTD Price Performance: -3.52%

Technical Sentiment Signal: Buy

Current Market Cap: $8.45B

Find detailed analytics on SOL stock on TipRanks’ Stock Analysis page.