Global Data Centre Group (ASX:GDC) will return AU$1.44 per security to investors following the sale of its AirTrunk investment in December 2024, lower than its prior guidance in the range of AU$1.55 to AU$1.57 per security, according to a Wednesday filing with the Australian bourse.
The lowered distribution is due to funds being held back for operating costs of AU$2.3 million through fiscal year 2032 and an AU$12 million risk reserve for potential tax and contractual obligations, the filing said.
GDC noted the risk reserve could be gradually returned to investors if no claims arise, potentially increasing the total distribution to AU$1.57 per security.
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