Announcement

CORPACT: PCT: Precinct Third Quarter Dividend 08:55a.m. 
PCT
17/05/2022 08:55
CORPACT
NOT PRICE SENSITIVE
REL: 0855 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 1.675 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 27 May 2022 and payment
will be made on 10 June 2022.

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, Freyberg Building and 30 Waring Taylor Street. Precinct owns
Generator NZ, New Zealand's premier flexible office space provider. Generator
currently offers 13,600 square metres of space across nine locations in
Auckland and Wellington.

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:00392170 For:PCT Type:CORPACT Time:2022-05-17 08:55:42

Click here to view related attachments.