Announcement

CORPACT: PLP: PLP - Distribution Notice 04:53pm 
PLP
20/03/2020 16:53
CORPACT
PRICE SENSITIVE
REL: 1653 HRS Private Land and Property Fund

CORPACT: PLP: PLP - Distribution Notice

PLP Distribution Notice - 20 March 2020

Distribution Announcement

Booster Investment Management Limited, in its capacity as manager of the
Private Land and Property Fund, is pleased to announce the distribution for
the year ended 31 March 2020.

You must be a registered security holder of the Fund on the Record Date of 27
March 2020 to be eligible for this distribution.

The distribution represents a pre-tax return of 3.1% and is based on the cash
earnings of the Fund over the period 1 April 2019 to 31 March 2020. Over the
period from 1 April 2019 to 18 March 2020, the annualised pre-tax return
reflected in the unit price was 8.5% due to a combination of income and
revaluation of property. This compares favourably with the long term expected
pre-tax return of 8% as indicated in the Fund's Product Disclosure Statement.

The Fund is currently generating a cash based pre-tax return of 4.5% from its
lease income and grape supply contract, and continues to benefit from
valuation gains on its land under development, which is reflected in the net
asset value of the units.

The Manager has recently assessed the impact on income and valuation of its
property given the uncertain times arising from the COVID-19 outbreak.
Whilst acknowledging the need to continually monitor developments, the
Manager is comfortable that its income and property values are not adversely
impacted by current events.

For further information regarding the Private Land and Property Fund visit
https://www.booster.co.nz/booster-investments/private-land-and-property-fund

About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of
the Fund, and part of the Booster Group which has been helping New Zealanders
save since 1998. The group currently administers superannuation and
investment funds of over $3 billion on behalf of more than 120,000 New
Zealanders.
For more information, including a copy of the Product Disclosure Statement,
please visit www.booster.co.nz
End CA:00350377 For:PLP Type:CORPACT Time:2020-03-20 16:53:29

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