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Vicinity Centres ( (AU:VCX) ) has shared an announcement.
Vicinity Centres has announced the initiation of a Distribution Reinvestment Plan (DRP), offering eligible securityholders a convenient option to reinvest their distributions into new securities. The plan is voluntary, and those who opt out will continue receiving cash distributions. Details about the DRP’s operation for the next distribution, including pricing and discount rates, will be shared during the FY25 interim results announcement. This plan provides Vicinity with an opportunity to enhance shareholder value and potentially strengthen its market position by increasing investor engagement.
More about Vicinity Centres
Vicinity Centres is one of Australia’s leading retail property groups, managing $23 billion in retail assets across 54 shopping centres. It is the second largest listed manager of Australian retail property and has a diverse portfolio, including a Direct Portfolio with interests in 53 shopping centres. Vicinity is listed on the ASX under the code ‘VCX’ and also has European medium-term notes listed under the code ‘VCD’.
YTD Price Performance: 3.08%
Average Trading Volume: 2,246
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $6.03B
For detailed information about VCX stock, go to TipRanks’ Stock Analysis page.
