Palace Capital (PCA) has provided an update on the impact of COVID-19 and its response to the crisis, including a focus on rent collections and maintaining a healthy liquidity position until the full impact becomes clearer. Payment of the previously declared Q320 DPS has been cancelled but progress continues at the flagship Hudson Quarter development, albeit at a slower pace.
08 Apr 2020
Palace Capital - Battening the hatches near term
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Palace Capital - Battening the hatches near term
Palace Capital plc (PCA:LON) | 238 28.5 5.3% | Mkt Cap: 89.2m
- Published:
08 Apr 2020 -
Author:
Martyn King -
Pages:
5
Palace Capital (PCA) has provided an update on the impact of COVID-19 and its response to the crisis, including a focus on rent collections and maintaining a healthy liquidity position until the full impact becomes clearer. Payment of the previously declared Q320 DPS has been cancelled but progress continues at the flagship Hudson Quarter development, albeit at a slower pace.