DNZ
11/02/2014 13:11
DIVIDEND
REL: 1311 HRS DNZ Property Fund Limited
DIVIDEND: DNZ: DNZ - FY14 Third Quarter Dividend
The Board of DNZ has today approved a third quarter cash dividend of 2.25
cents per share. This dividend will carry imputation credits of 0.607 cents
per share. A supplementary dividend of 0.2755 cents per share will be paid to
non-resident shareholders.
The record date for this dividend is 28 February 2014, with payment to
shareholders to be made on 14 March 2014.
The dividend re-investment plan will remain in place for the FY14 third
quarter dividend. A discount for the price of shares issued under the DRP has
been set at 1% on the 5 day weighted average trading price of the shares,
commencing on (and including) 3 March 2014, being the first trading day after
the record date.
Eligible shareholders are reminded that any DRP participation or variation
forms need to be received by DNZ's registrar, Computershare Investor Services
Limited, by 5:00 pm on the record date of 28 February 2014.
END
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 - Email: [email protected]
Peter Alexander, Chief Executive Officer, DNZ Property Fund Limited
DDI: 09 913 1154 - Mobile: 0275 443 678 - Email:
[email protected]
Jennifer Whooley, Chief Financial Officer, DNZ Property Fund Limited
DDI: 09 913 1150 - Mobile: 021 536 406 - Email:
[email protected]
DNZ Property Fund Overview
DNZ Property Fund Limited owns one of New Zealand's largest diversified
investment property portfolios with $770.6 million (as at 30 September 2013)
of commercial office, retail and industrial properties located in the main
urban areas throughout New Zealand. As at 31 December 2013, DNZ Property Fund
owned 47 properties with 297 tenants, a weighted average lease term of 5.5
years and an occupancy rate of 99.4% over a net lettable area of 369,407m2.
DNZ Property Fund Limited is a Portfolio Investment Entity in which investors
hold shares and is managed by its own internal management team. DNZ also
holds management rights to Diversified NZ Property Fund Limited, a $117.4
million (as at 30 September 2013) commercial property portfolio.
DNZ's top 10 tenants as at 30 September 2013: Bunnings, Progressive
Enterprises (Countdown), NZ Government, Foodstuffs (PAK'nSAVE & New World),
ASB, Fletcher Building, The Warehouse, Westpac, Meridian Energy and Lion.
These 10 tenants represent 52% of the Company's total contract rental.
End CA:00246863 For:DNZ Type:DIVIDEND Time:2014-02-11 13:11:44
