ARG
18/08/2015 13:41
DIVIDEND
PRICE SENSITIVE
REL: 1341 HRS Argosy Property Limited
DIVIDEND: ARG: ARG announces first quarter dividend
Argosy Property Limited (Company) has announced a first quarter cash dividend
for the 2016 financial year of 1.50 cents per share. Imputation credits of
0.4360 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 0.1978 cents per share to offset non resident
withholding tax.
As Argosy is a PIE the dividend is able to be treated as excluded income for
New Zealand income tax purposes. For shareholders who choose to include the
dividend in their New Zealand income tax return the Company's first quarter
dividend of 1.50 cents per share is made up of:
- a fully imputed dividend of 1.1212 cents per share with imputation credits
of 0.4360 cents per share attached; and
- an excluded distribution of 0.3788 cents per share.
(Shareholders who treat the entire dividend as excluded income for New
Zealand income tax purposes will not be able to claim the imputation
credits.)
The record date for the dividend is 9 September 2015 and the payment date is
23 September 2015.
The dividend reinvestment plan ("DRP") will continue and a 1% discount will
be 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 23
September 2015 - 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, 9 September 2015. Election
Notices and Notices of Change or Withdrawal received by the Registrar on or
after 5.00pm, 9 September 2015 will not apply to the 23 September 2015
dividend but will take effect for future dividends.
An Election Notice can be obtained by contacting Computershare on (09) 488
8777.
End CA:00268606 For:ARG Type:DIVIDEND Time:2015-08-18 13:41:10
