Goodman Group (ASX: GMG) today announced its intention to repurchase all of the Goodman Preferred Step-Up Units (ASX Code: GMPPA) on the 2nd of October 2017.
The $327 million redemption will be funded by existing cash deposits (in excess of $2 billion).
Holders of GMPPA on the 25th of September 2017 (Record Date) will receive par value together with the final interest payment of $1.414027 per unit.
GMPPA will cease trading on the ASX on the 21st of September 2017.
