• Recommended distribution of A$1.44 per security
• Funds needed to cover forecast running costs and identified risks
• Potential for additional distributions if risks reduce over time

Global Data Centre Group (ASX: GDC) has provided an update on its further distribution determination following its HY25 financial results announcement. The Responsible Entity, in consultation with the Investment Manager, has obtained advice on a further distribution to securityholders from proceeds of the indirect disposal of its investment in AirTrunk in December 2024. The recommended distribution is A$1.44 per security, lower than the previous guidance of A$1.55 - A$1.57 per security. This is due to the need to hold back funds to cover forecast running costs of GDC over the wind-down period to FY32 (currently forecast at $2.3 million) and identified risks associated with tax and contractual obligations from past asset disposals (amounting to $12.0 million). The risk hold back will be assessed on an ongoing basis, and to the extent the risks reduce, these funds are expected to be progressively returned to securityholders as additional distributions over the forecast hold back period to FY32. GDC is aiming to finalise the recommended distribution determination and make the payment to securityholders by the end of May 2025. The announcement also provides an update on the AirTrunk divestment, confirming the repayment of a loan between the Bluegum Trust and MAIF 2 AU following a successful capital return.