Centuria Industrial REIT (AU:CIP) has released an update.
Centuria Industrial REIT’s subsidiary, CIP Funding Pty Limited, announced an adjustment in the exchange price of its A$300 million exchangeable notes due to extraordinary distributions to unitholders. This adjustment reflects a change from A$4.1625 to A$4.0628 per unit, effective June 27, 2024. This move is part of Centuria’s strategy to provide value to its investors while managing its high-quality industrial asset portfolio.
For further insights into AU:CIP stock, check out TipRanks’ Stock Analysis page.
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