Australia's Global Data Centre Investment Fund dips on Perth data centre divestment

Global Data Centre Investment Fund

11/04/2024 04:12

** Shares of Global Data Centre Investment Fund  GDC.AX 
slip as much as 0.9% to A$2.310, their lowest since April 5 
    ** Co enters contract to divest its Perth Data Centre
investment for A$39 mln ($25.40 mln)
    ** Says transaction price represents 2.5% discount to Dec.
31 book value of A$40.0 mln
    ** Says proceeds will initially be used to repay mortgage
debt of A$24.75 mln
    ** Shares mark their biggest intraday pct loss since April 5
    ** More than 76,500 shares change hands, compared with the
30-day average volume of ~120,106 shares  
    ** Stock up 15.9% this year, as of last close, vs a 3.4%
increase in the benchmark S&P/ASX 200 index  .AXJO  

($1 = 1.5352 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))