Announcement

CORPACT: PLP: PLP - Distribution Notice 04:53p.m. 
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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