Stride Property Group – FY20 First Quarter Dividends

Stride Property Group (NS)
NZX Announcement
29 AUGUST 2019




W strideproperty.co.nz
Stride Property Group – FY20 First Quarter Dividends
Stride Property Limited (SPL) – FY20 First Quarter Dividend
SPL announces a cash dividend for the first quarter (1 April 2019 to 30 June 2019) of the financial year
ending 31 March 2020 (FY20) of 2.1575 cents per share to be paid on 20 September 2019 to all
shareholders on the register at the close of business on 13 September 2019.

This dividend will carry imputation credits of 0.606283 cents per share. A supplementary dividend of
0.27512 cents per share will be paid to non-resident shareholders.

Stride Investment Management Limited (SIML) – FY20 First Quarter Dividend
SIML announces a cash dividend for the first quarter (1 April 2019 to 30 June 2019) of FY20 of
0.32 cents per share to be paid on 20 September 2019 to all shareholders on the register at the close of
business on 13 September 2019.

This dividend will carry imputation credits of 0.124444 cents per share. A supplementary dividend of
0.056471 cents per share will be paid to non-resident shareholders.

Stride Property Group confirms that, consistent with previous guidance, it is targeting a combined annual
cash dividend for FY20 of 9.91 cents per share.

The Dividend Reinvestment Plan remains suspended for the FY20 first quarter dividends.

Ends

Attachments provided to NZX:
• Stride Property Limited - NZX Distribution Notice – 290819
• Stride Investment Management Limited - NZX Distribution Notice - 290819

For further information please contact:
Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 - Email:
tim.storey@strideproperty.co.nz

Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited
Mobile: 021 230 3026 - Email:
philip.littlewood@strideproperty.co.nz

Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
Mobile: 021 536 406 - Email:
jennifer.whooley@strideproperty.co.nz

Louise Hill, General Manager Corporate Services, Stride Investment Management Limited
Mobile: 0275 580 033- Email:
louise.hill@strideproperty.co.nz

A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited
and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of
each company, the shares in each can only be transferred if accompanied by a transfer of the same number
of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG.
Further information is available at
www.strideproperty.co.nz or at www.nzx.com/companies/SPG.

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Distribution Notice



Please note: all cash amounts in this form should be provided to 8 decimal places
Section 1: Issuer information
Name of issuer STRIDE PROPERTY LIMITED
Financial product name/description Ordinary Shares of Stride Property Limited
NZX ticker code SPG
ISIN (If unknown, check on NZX website) NZSPGE0001S2
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly X
Half Year Special
DRP applies
Record date 13/09/2019
Ex-Date (one business day before the
Record Date)
12/09/2019
Payment date (and allotment date for DRP) 20/09/2019
Total monies associated with the
distribution
1

$7,882,462
Source of distribution Retained earnings
Currency NZD – New Zealand Dollar
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.02763783
Total cash distribution
3
$0.02157500
Excluded amount $0.00598486
Supplementary distribution amount $0.00275120
Section 3: Imputation credits and Resident Withholding Tax
4

Is the distribution imputed Partially imputed
If fully or partially imputed, please state
imputation rate as % applied
22% (being imputation tax credits per financial
product divided by gross distribution per
financial product)
Imputation tax credits per financial product $0.00606283
Resident Withholding Tax per financial
product
n/a
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
n/a

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.

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

Section 5: Authority for this announcement
Name of person

authorised to make this
announcement
Louise Hill
Contact person for this announcement Louise Hill
Contact phone number 0275 580 033
Contact email address
louise.hill@strideproperty.co.nz
Date of release through MAP

29/08/2019

---

Distribution Notice



Please note: all cash amounts in this form should be provided to 8 decimal places
Section 1: Issuer information
Name of issuer STRIDE INVESTMENT MANAGEMENT LIMITED
Financial product name/description Ordinary Shares of Stride Investment
Management Limited
NZX ticker code SPG
ISIN (If unknown, check on NZX website) NZSPGE0001S2
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly X
Half Year Special
DRP applies
Record date 13/09/2019
Ex-Date (one business day before the
Record Date)
12/09/2019
Payment date (and allotment date for DRP) 20/09/2019
Total monies associated with the
distribution
1

$1,169,125
Source of distribution Retained earnings
Currency NZD – New Zealand Dollar
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.00444444
Total cash distribution
3
$0.00320000
Excluded amount $0
Supplementary distribution amount $0.00056471
Section 3: Imputation credits and Resident Withholding Tax
4

Is the distribution imputed Fully imputed
If fully or partially imputed, please state
imputation rate as % applied
28% (being imputation tax credits per financial
product divided by gross distribution per
financial product)
Imputation tax credits per financial product $0.00124444
Resident Withholding Tax per financial
product
$0.00022222
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
n/a

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.

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

Section 5: Authority for this announcement
Name of person

authorised to make this
announcement
Louise Hill
Contact person for this announcement Louise Hill
Contact phone number 0275 580 033
Contact email address
louise.hill@strideproperty.co.nz
Date of release through MAP

29/08/2019