Announcement
CORPACT: PCT: PCT First Quarter Dividend
10:42am
PCT
04/11/2021 10:42
CORPACT
NOT PRICE SENSITIVE
REL: 1042 HRS Precinct Properties New Zealand Limited (NS)
CORPACT: PCT: PCT First Quarter Dividend
Precinct Properties New Zealand (Precinct) (NZX:PCT) is pleased to advise
Precinct shareholders will receive a first quarter dividend of 1.675 cents
per share.
Due to Precinct's 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 November 2021 and payment will be made on 10 December
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
predominantly in premium and A-grade commercial office property. Listed on
the NZX Main Board, PCT currently owns Auckland's HSBC Tower, AON Centre,
Jarden House, Deloitte Centre, 204 Quay Street, Mason Bros. Building, 12
Madden Street, 10 Madden Street, PwC Tower and Commercial Bay Retail; and
Wellington's AON Centre, NTT Tower, Central on Midland Park, No. 1 and No. 3
The Terrace, Mayfair House, Charles Fergusson Building, Defence House, Bowen
House and Freyberg Building. Precinct owns Generator NZ, New Zealand's
premier flexible office space provider. Generator currently offers 13,600
square metres of space across eight 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:00382234 For:PCT Type:CORPACT Time:2021-11-04 10:42:29
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