Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Growthpoint (ASX:GOZ) Share Price Drops After Capital Raising

The Growthpoint Properties Australia Ltd (ASX: GOZ) share price is down 2.7% after completing its institutional capital raising.

Growthpoint Properties owns and manages investment properties, it owns 57 office and industrial properties throughout Australia that are collectively worth approximately $3.8 billion. The business aims to diversify over time by asset class, geography and tenant exposure.

Growthpoint Capital Raising

Growthpoint announced that it has successfully completed its fully underwritten placement to professional investors at a price of $3.97 per share, raising around $150 million.

The raising price was at a 4.2% discount to the distribution-adjusted last closing price on 26 June 2019. The proceeds will be used to fund acquisitions whilst maintaining gearing at or below the lower end of its target range.

Growthpoint Managing Director Timothy Collyer said: “We are pleased to welcome new institutional investors onto Growthpoint’s register through the placement, and are delighted with the support shown by existing Growthpoint investors. 

We look forward to delivering long-term value for our new and existing Growthpoint securityholders.”

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content