Investment Matters

Company News

360 Capital announced it has had a positive response to the sales campaign for the Asia Pacific Data Centre (listed REIT in which it owns a controlling stake of 67.3%).  It has entered into an exclusive agreement for a price of $280m.  Assuming the deal is executed, this will equate to at 60% IRR over the expected 9 month investment period.  Or in dollar terms, this is a $27.9m profit, or $0.12 cents per 360 Capital security (which 360 Capital intends to provide to security holders as a special distribution).  A good outcome for 360 Capital security holders!