ARG announces third quarter dividend

20 February 2019

MARKET RELEASE
ARG announces third quarter dividend

Argosy Property Limited (Company) has announced a third quarter (for the period to 31 December
2018) cash dividend for the 2019 financial year of 1.5625 cents per share. Imputation credits of
0.440169 cents per share will be attached to the dividend representing income tax paid by the
Company. Overseas investors will receive an additional supplementary dividend of 0.199741 cents
per share to offset non-resident withholding tax.

As Argosy is a PIE the dividend is able to be treated as excluded income for New Zealand income tax
purposes. For shareholders who choose to include the dividend in their New Zealand income tax
return the Company’s third quarter dividend of 1.5625 cents per share is made up of:
- a fully imputed dividend of 1.131862 cents per share with imputation credits of 0.440169
cents per share attached; and
- an excluded distribution of 0.430638 cents per share.
Shareholders who treat the entire dividend as excluded income for New Zealand income tax
purposes will not be able to claim the imputation credits.

The record date for the dividend is 13 March 2019 and the payment date is 27 March 2019.

The Company’s dividend reinvestment plan (DRP) continues to be suspended and will not apply in
respect of this dividend.

An Election Notice can be obtained by contacting Computershare on (09) 488 8777.
– ENDS –


Press enquiries
Peter Mence
Chief Executive Officer
Argosy Property Limited
Telephone: 09 304 3411
Email: pmence@argosy.co.nz

Dave Fraser
Chief Financial Officer
Argosy Property Limited
Telephone: 09 304 3469
Email: dfraser@argosy.co.nz

Stephen Freundlich
Head of Investor Relations
Argosy Property Limited
Telephone: 09 304 3426
Email: sfreundlich@argosy.co.nz

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Template
Corporate Action Notice
(for a Distribution)
Updated as at 28 January 2019
Page 1 of 2

Section 1: issuer information
Name of issuer Argosy Property Limited
Financial product name/description Ordinary Shares
NZX ticker code ARG
ISIN (If unknown, check on NZX
website)
NZARGE0010S7
Type of distribution
(Please mark with an X in the relevant
box/es)
Full Year Quarterly X
Half Year Special
DRP applies
Record date Close of trading on: 13/03/2019
Ex-Date (one business day before the
Record Date)
12/03/2019
Payment date (and allotment date for
DRP)
27/03/2019
Total monies associated with the
distribution
NZ$12,922,350
Source of distribution (for example,
retained earnings)
Retained Earnings
Section 2: distribution amounts
Total amount NZ$0.02002669
Cash per financial product NZ$0.015625
Supplementary distribution NZ$0.00199741
Section 3:
Is the distribution imputed Fully imputed
Partial imputation
No imputation
If fully or partially imputed, please state
imputation rate as % applied
28.1708%
Imputation tax credits per financial
product
NZ$0.00440169

Page 2 of 2

Resident withholding tax amount per
financial product
N/A as unimputed position is excluded income.
Section 4: distribution re-investment plan (not applicable)
DRP % discount (if any) %
Start date and end date for determining
market price for DRP
Close of trading on:
[dd/mm/yyyy]
Close of trading on:
[dd/mm/yyyy]
Date strike price to be announced (if not
available at this time)
Close of trading on: [dd/mm/yyyy]
Specify source of financial products to
be issued under DRP programme (new
issue or to be bought on market)

DRP strike price per financial product $
Last date to submit a participation
notice for this distribution in accordance
with DRP participation terms
[dd/mm/yyyy]
Section 5: authority for this announcement
Name of person authorised to make this
announcement
Dave Fraser
Contact phone number 09 304 3469
Contact email address dfraser@argosy.co.nz
Date of release via MAP 20/02/2019