Announcement
CORPACT: PCT: Precinct Third Quarter Dividend
11:15am
PCT
14/05/2021 11:15
CORPACT
NOT PRICE SENSITIVE
REL: 1115 HRS Precinct Properties New Zealand Limited (NS)
CORPACT: PCT: Precinct Third Quarter Dividend
Precinct Properties New Zealand (Precinct) (NZX:PCT) is pleased to advise
Precinct shareholders will receive a third-quarter dividend of 1.625 cents
per share. Due to Precincts current tax position for the period, there are no
imputation credits to attach for the quarter and therefore no supplementary
dividend to be paid (see note 1). The record date is 26 May 2021 and payment
will be made on 11 June 2021.
Ends
For further information, please contact:
Richard Hilder
Chief Financial Officer
Mobile: +64 29 969 4770
Email: richard.hilder@precinct.co.nz
About Precinct (PCT)
Precinct is New Zealand's only listed city centre specialist investing
predominately in premium and A-grade commercial office property. Listed on
the NZX Main Board, PCT currently owns Auckland's HSBC Tower, AMP Centre,
Jarden House, 1 Queen Street, Mason Bros. Building, 12 Madden Street, 10
Madden Street and Commercial Bay; and Wellington's AON Centre, NTT Tower, No.
1 and No. 3 The Terrace, Mayfair House and Bowen Campus. Precinct owns
Generator NZ, New Zealand's premier flexible office space provider. Generator
currently offers 13,600 square metres of space across four locations in
Auckland.
Note 1
A supplementary dividend is paid to non-resident shareholders to offset the
amount of non-resident withholding tax ("NRWT") that New Zealand companies
are required to deduct from dividends paid to non-resident shareholders. A
supplementary dividend is paid to ensure equitable treatment between
non-resident shareholders and resident shareholders (whose dividends are not
subject to NRWT). There's no disadvantage to Precinct or our shareholders,
and non-resident shareholders don't get a larger cash dividend than an
equivalent New Zealand resident shareholder.
End CA:00372215 For:PCT Type:CORPACT Time:2021-05-14 11:15:30
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