ARG announces first quarter dividend

1 ⸺

Argosy Property Limited (‘Argosy’ or ‘the Company’) has announced a first quarter (for
the period to 30 June 2021) cash dividend for the 2022 financial year of 1.6375 cents
per share, in line with guidance for a full year dividend of 6.55 cents per share.

As Argosy is a PIE, the dividend can be treated as excluded income for New Zealand
income tax purposes. Imputation credits of 0.138124 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 0.062678 cents per share to offset
non-resident withholding tax.
The record date for the dividend is 15 September 2021 and the payment date is 29
September 2021.
Argosy's Dividend Reinvestment Plan ('DRP') remains open and will be available for
shareholders to participate in for the first quarter dividend. There will be a 2% discount
applied to the price at which shares will be issued under the DRP for this dividend.
Shareholders wishing to participate in the DRP for the dividend on 29 September 2021 -
and who haven't notified the Company's Registrar, Computershare Investor Services
Limited, of their intention, are required to do so by completing an Election Notice or
Notice of Change or Withdrawal (as appropriate) in time to be received before
5.00pm, 16 September 2021. Election Notices and Notices of Change or Withdrawal
received by the Registrar on or after 5.00pm, 16 September 2021 will not apply to the 29
September 2021 dividend but will take effect for future dividends.
An Election Notice can be obtained by contacting Computershare on (09) 488 8777.

- END -

Market Release
28 July 2021
ARG announces first quarter dividend
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

---

Distribution Notice
Please note: all cash amounts in this form should be provided to 8 decimal places
Name of issuer
Financial product name/description
NZX ticker code
ISIN (If unknown, check on NZX website)
Type of distributionFull YearQuarterlyX
(Please mark with an X in the relevant box/es)Half YearSpecial
DRP appliesX
Record date
Ex-Date (one business day before the Record Date)
Payment date (and allotment date for DRP)
Total monies associated with the distribution [1]
Source of distribution (for example, retained
earnings)
Currency
Gross distribution [2]
Gross taxable amount [3]
Total cash distribution [4]
Excluded amount (applicable to listed PIEs)
Supplementary distribution amount
Is the distribution imputedFully imputed
Partial imputation
No imputation
Section 1: Issuer information
Argosy Property Limited
Ordinary Shares
ARG
NZARGE0010S7
$0.00062678
15/09/2021
14/09/2021
29/09/2021
$13,797,075.53
Retained Earnings
NZD
Section 2: Distribution amounts per financial product
$0.01775624
$0.00493302
$0.01637500
$0.01282322
[4]
“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.
[5]
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is fully
imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute advice
as to whether or not RWT needs to be withheld.
Section 3: Imputation credits and Resident Withholding Tax [5]
[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]
“Gross taxable amount” is the gross distribution minus any excluded income.

If fully or partially imputed, please state imputation
rate as % applied [6]
28.00%
Imputation tax credits per financial product
Resident Withholding Tax per financial product
DRP % discount (if any)
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
14/09/202120/09/2021
21/09/2021
New issue
2.00%
$0.00138124
Section 4: Distribution re-investment plan (if applicable)
N/A as unimputed position is excluded
income.
Determined in accordance with the Dividend
Reinvestment Plan.
16/09/2021
[6]
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.
Dave Fraser
09 304 3469
dfraser@argosy.co.nz
28/07/2021
Dave Fraser
Section 5: Authority for this announcement