Precinct Properties New Zealand Limited logo

Precinct Third Quarter Dividend

Dividend28 May 2019PCTReal Estate

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599

W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494

2267

NZX announcement – 29 May 2019

Precinct third quarter dividend

Precinct shareholders will receive a third-quarter dividend of 1.50 cents per share plus

imputation credits of 0.136244 cents per share. Offshore investors will receive an additional

supplementary dividend of 0.061825 cents per share to offset non-resident withholding tax. The

record date is 7 June 2019 and payment will be made on 21 June 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.

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Distribution Notice
Name of issuer

Financial product name/description

NZX ticker code

ISIN

Full yearQuarterlyX

Half yearSpecial

DRP applies

Record date

Ex-date

Payment date (and allotment date for DRP)

Total monies associated with the distribution

1

Source of distribution

Currency

Gross distribution

Supplementary distribution amount

X

If fully or partially imputed, please state imputation rate as %

applied

8.32663099%

Imputation tax credits per financial product

Resident Withholding Tax per financial product

DRP % discount

Start date and end date for determining market price for DRP

Date strike price to be announced (if not available at this

time)

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

Name of person authorised to make this announcement

Contact person for this announcement

Contact phone number

Contact email address

Date of release through MAP

Total cash distribution$0.01500000

Imputed component

Excluded component$0.01149658

$0.00350342

+64 21 111 8898

hello@precinct.co.nz

29/05/2019

N/A

N/A

N/A

Section 5: Authority for this announcement

Richard Hilder

Steph How

$19,706,461

Retained earnings

NZD

N/A

Is the distrbution imputed

Fully imputed

Partial imputation

No imputation

$0.00136244

(being imputation tax credits per

financial product dividend by Gross

Distribution)

N/A

Section 4: Distribution re-investment plan (if applicable)

N/A

N/AN/A

Total cash distribution

Type of distribution

Section 1: Issuer information

Precinct Properties New Zealand Limited

Precinct Properties New Zealand Limited Shares

PCT

NZAPTE00001S3

Section 2: Distribution amounts per financial product

$0.01636244

$0.00061825

Section 3: Imputation credits and Resident Withholding Tax

7/06/2019

6/06/2019

21/06/2019

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.