ARG
16/11/2015 08:30
DIVIDEND
NOT PRICE SENSITIVE
REL: 0830 HRS Argosy Property Limited
DIVIDEND: ARG: ARG announces second quarter dividend
Argosy Property Limited (Company) has announced a second quarter cash
dividend for the 2016 financial year of 1.50 cents per share. Imputation
credits of 0.3965 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 0.1799 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 second quarter
dividend of 1.50 cents per share is made up of:
- a fully imputed dividend of 1.0194 cents per share with imputation credits
of 0.3965 cents per share attached; and
- an excluded distribution of 0.4806 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 3 December 2015 and the payment date is
17 December 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 17
December 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, 3 December 2015. Election
Notices and Notices of Change or Withdrawal received by the Registrar on or
after 5.00pm, 3 December 2015 will not apply to the 17 December 2015 dividend
but will take effect for future dividends.
An Election Notice can be obtained by contacting Computershare on (09) 488
8777.
End CA:00273444 For:ARG Type:DIVIDEND Time:2015-11-16 08:30:55
