ARG announces first quarter dividend

Template
Distribution Notice


Please note: all cash amounts in this form should be provided to 8 decimal places

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: 11/09/2019
Ex-Date (one business day before
the Record Date)
10/09/2019
Payment date (and allotment date for
DRP)
25/09/2019
Total monies associated with the
distribution
1

$12,976,496
Source of distribution (for example,
retained earnings)
Retained Earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.01866410
Total cash distribution
3
$0.01568750
Excluded amount (applicable to listed
PIEs)
$0.00803341
Supplementary distribution amount $0.00135073
Section 3: Imputation credits and Resident Withholding Tax
4

Is the distribution imputed Fully imputed
Partial imputation
No imputation
If fully or partially imputed, please
state imputation rate as % applied
18.9743%
Imputation tax credits per financial
product
$0.00297660

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
4
The imputation credits plus the RWT amount is 33% of the gross distribution for the purposes of this form. If the distribution is fully
imputed the imputation credits will be 28% of the gross distribution with remaining 5% being RWT. This does not constitute advice
as to whether or not RWT needs to be withheld.

Resident Withholding Tax per
financial product
N/A as unimputed portion is excluded income.
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
%
Start date and end date for
determining market price for DRP
[dd/mm/yyyy] [dd/mm/yyyy]
Date strike price to be announced (if
not available at this time)
[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 person for this
announcement
Dave Fraser

Contact phone number
09 304 3469

Contact email address
dfraser@argosy.co.nz

Date of release through MAP

08/08/2019

---

8 August 2019

MARKET RELEASE
Argosy announces first quarter dividend

Argosy Property Limited (Company) has announced a first quarter (for the period to 30 June 2019) cash
dividend for the 2020 financial year of 1.56875 cents per share. Imputation credits of 0.297660 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 0.135073 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 first quarter dividend of 1.56875 cents per share is made up of:
- a fully imputed dividend of 0.765409 cents per share with imputation credits of 0.297660 cents per
share attached; and
- an excluded distribution of 0.803341 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 11 September 2019 and the payment date is 25 September 2019.

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


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