Q1 Dividend and People Committee Update

NZX and media
announcement
—
5 May 2023

Page 1

Q1 DIVIDEND AND PEOPLE COMMITTEE
UPDATE

Property for Industry Limited (PFI, the Company) is pleased to announce a first quarter dividend of
1.9500 cents per share and to provide an update on the Company’s People Committee composition.

Q1 Dividend
The PFI Board today resolved to pay a first quarter cash dividend of 1.9500 cents per share. The
dividend will have imputation credits of 0.4152 cents per share attached and a supplementary dividend
of 0.1884 cents per share will be paid to non-resident shareholders. The record date for the dividend is
12 May 2023, and the payment date is 23 May 2023. The dividend reinvestment scheme will not operate
for this dividend.

People Committee Update
PFI also announces that Board Chair Anthony Beverley has stepped down from his role as a member
of the Company’s People Committee. Following this change, PFI is pleased to announce that
Independent Director Angela Bull has been appointed as a new member of the Company’s People
Committee.

ENDS













ABOUT PFI & CONTACT

PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 93 properties is leased to
around 128 tenants.

For further information please contact:

SIMON WOODHAMS
Chief Executive Officer
----
Phone: +64 21 749 770
Email: woodhams@pfi.co.nz
CRAIG PEIRCE
Chief Finance and Operating Officer
----
Phone: +64 21 248 6301
Email: peirce@pfi.co.nz
----
Property for Industry Limited
Level 4, Hayman Kronfeld Building, 15 Galway Street,
Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
www.propertyforindustry.co.nz

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Distribution Notice

Updated as at 18 December 2019





Section 1: Issuer information
Name of issuer Property for Industry Limited
Financial product name/description Property for Industry Limited Shares
NZX ticker code PFI
ISIN (If unknown, check on NZX
website)
NZPFIE0001S5
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly X
Half Year Special
DRP applies
Record date 12 May 2023
Ex-Date (one business day before the
Record Date)
11 May 2023
Payment date (and allotment date for
DRP)
23 May 2023
Total monies associated with the
distribution
$9,791,522
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution $0.02365164
Gross taxable amount $0.01482730
Total cash distribution $0.01950000
Excluded amount (applicable to listed
PIEs)
$0.00882434
Supplementary distribution amount $0.00188394
Section 3: Imputation credits and Resident Withholding Tax
Is the distribution imputed Fully imputed X
Partial imputation
No imputation
If fully or partially imputed, please
state imputation rate as % applied
28%
Imputation tax credits per financial
product
$0.00415164
Resident Withholding Tax per
financial product
N/A

Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
N/A
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
Craig Peirce
Contact person for this
announcement
Craig Peirce
Contact phone number +64 21 248 6301
Contact email address peirce@pfi.co.nz
Date of release through MAP

5 May 2023