BUZZ-David Di Pilla's HCW fund surges on partially deferring Healthscope rental payments

Reuters
30 May
BUZZ-David Di Pilla's HCW fund surges on partially deferring Healthscope rental payments

** Shares of Australia's Healthco Healthcare Wellness REIT HCW.AX rise 17% to A$0.965

** Stock hits its highest since March 3 and is set for its biggest single-day gain on record

** HCW says it has agreed to partial rent deferments on 11 Healthscope hospitals

** HCW, a satellite fund run by David Di Pilla's HMC Capital HMC.AX says it would defer 15% of the rent due to Healthscope for May-August period until September

** HCW adds it has received expressions of interest from alternative hospital operators to re-tenant the facilities

** HMC stock up 0.8%

** HCW down 7.6% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10