Precinct Properties New Zealand Limited logo

PCT First Quarter Dividend

Dividend3 November 2021PCTReal 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 – 4 November 2021

Precinct FY22 First Quarter Dividend


Precinct Properties New Zealand (Precinct) (NZX:PCT) is pleased to advise Precinct

shareholders will receive a first quarter dividend of 1.675 cents per share. Due to Precincts

current tax position for the period, there are no imputation credits to attach for the quarter

and therefore no supplementary dividend to be paid (see note 1). The record date is 26

November 2021 and payment will be made on 10 December 2021.

Ends


For further information, please contact:


Richard Hilder

Chief Financial Officer

Mobile: +64 29 969 4770

Email: richard.hilder@precinct.co.nz


About Precinct (PCT)

Precinct is New Zealand’s only listed city centre specialist investing predominantly in premium

and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns

Auckland’s HSBC Tower, AON Centre, Jarden House, Deloitte Centre, 204 Quay Street, Mason

Bros. Building, 12 Madden Street, 10 Madden Street, PwC Tower and Commercial

Bay Retail; and Wellington’s AON Centre, NTT Tower, Central on Midland Park, No. 1 and No.

3 The Terrace, Mayfair House, Charles Fergusson Building, Defence House, Bowen House and

Freyberg Building. Precinct owns Generator NZ, New Zealand’s premier flexible office space

provider. Generator currently offers 13,600 square metres of space across eight locations in

Auckland. 

Note 1

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.

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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

2

Gross taxable amount

3

Supplementary distribution amount

X

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

applied

6

0.00%

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

3. "Gross taxable amount" is the gross distribution minus any excluded income.

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


$0.00000000

6. Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.

Type of distribution

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.

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.

Section 2: Distribution amounts per financial product

$0.01675000

$0.00000000

Section 3: Imputation credits and Resident Withholding Tax

5

26/11/2021

25/11/2021

10/12/2021

$24,760,482

Section 1: Issuer information

Precinct Properties New Zealand Limited

Precinct Properties New Zealand Limited Shares

PCT

NZAPTE0001S3

Retained earnings

NZD

N/A

Is the distrbution imputed

Fully imputed

Partial imputation

No imputation

$0.00000000

N/A

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

N/A

N/AN/A

Total cash distribution

4

Total cash distribution

+64 21 111 8898

hello@precinct.co.nz

4/11/2021

N/A

N/A

N/A

Section 5: Authority for this announcement

Richard Hilder

Steph How

$0.01675000

Imputed component

Excluded component$0.01675000

$0.00000000

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.