Precinct first quarter dividend

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 – 20 November 2019
Precinct first quarter dividend

Precinct shareholders will receive a first-quarter dividend of 1.575 cents per share plus
imputation credits of 0.015298 cents per share. Offshore investors will receive an additional
supplementary dividend of 0.006942 cents per share to offset non-resident withholding tax.
The record date is 28 November 2019 and payment will be made on 12 December 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.
Precinct owns Generator NZ, New Zealand’s premier flexible office space provider. Generator
currently offers 13,200 square metres of space across four locations in Auckland.

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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
Source of distribution
Currency
Gross distribution
Supplementary distribution amount
X
If fully or partially imputed, please state imputation rate as %
applied
0.96195807%
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$0.01575000
Imputed component
Excluded component$0.01535662
$0.00039338
+64 21 111 8898
hello@precinct.co.nz
20/11/2019
N/A
N/A
N/A
Section 5: Authority for this announcement
Richard Hilder
Steph How
$20,691,784
Retained earnings
NZD
N/A
Is the distrbution imputed
Fully imputed
Partial imputation
No imputation
$0.00015298
(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
NZAPTE0001S3
Section 2: Distribution amounts per financial product
$0.01590298
$0.00006942
Section 3: Imputation credits and Resident Withholding Tax
28/11/2019
27/11/2019
12/12/2019