Announcement
CORPACT: PCT: Precinct first quarter dividend
10:58am
PCT
20/11/2019 10:58
CORPACT
NOT PRICE SENSITIVE
REL: 1058 HRS Precinct Properties New Zealand Limited
CORPACT: PCT: Precinct first quarter dividend
Precinct shareholders will receive a first-quarter dividend of 1.575 cents
per share plus imputation credits of 0.015298 cents per share. Offshore
investors will receive an additional supplementary dividend of 0.006942 cents
per share to offset non-resident withholding tax. The record date is 28
November 2019 and payment will be made on 12 December 2019.
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.
-ends-
For further information, please contact:
Richard Hilder
Chief Financial Officer
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 PwC Tower, AMP Centre, ANZ
Centre (50%), Zurich House, HSBC House, Mason Bros. Building, 12 Madden
Street, 10 Madden Street and Commercial Bay; and Wellington's AON Centre,
Dimension Data House, No. 1 and No. 3 The Terrace, Pastoral House, Mayfair
House and Bowen Campus. Precinct owns Generator NZ, New Zealand's premier
flexible office space provider. Generator currently offers 13,200 square
metres of space across four locations in Auckland.
End CA:00344594 For:PCT Type:CORPACT Time:2019-11-20 10:58:24
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