Vicinity Centres Announces DRP for FY25 Interim Distribution

Vicinity Centres ( (AU:VCX) ) has provided an announcement.

Vicinity Centres has announced that its distribution reinvestment plan (DRP) will be available for the FY25 interim distribution, allowing eligible securityholders to reinvest their distributions into new securities without a discount. This move provides a convenient option for stakeholders to grow their investments and reflects Vicinity’s commitment to offering flexible financial solutions. The issued securities will rank equally with existing ones, and the acquisition price will be based on the average market price over a specified period. Key dates for this process span from February 24 to March 13, 2025.

More about Vicinity Centres

Vicinity Centres is one of Australia’s leading retail property groups, managing a portfolio worth $24 billion across 53 shopping centres. It is the second largest listed manager of Australian retail property and operates under a fully integrated asset management platform. Vicinity is listed on the Australian Securities Exchange (ASX) under the code ‘VCX’ and has 21,000 securityholders.

YTD Price Performance: -20.85%

Average Trading Volume: 13,513

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $6.61B

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