PFI property for industry limited

Ann: DIVIDEND: PFI: PFI Announces Q1 Dividend, Updates to DRS

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    • Release Date: 28/04/16 09:11
    • Summary: DIVIDEND: PFI: PFI Announces Q1 Dividend, Updates to DRS
    • Price Sensitive: No
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    					PFI                                                                           
    28/04/2016 09:11                                                              
    DIVIDEND                                                                      
    NOT PRICE SENSITIVE                                                           
    REL: 0911 HRS Property for Industry Limited                                   
                                                                                  
    DIVIDEND: PFI: PFI Announces Q1 Dividend, Updates to DRS                      
                                                                                  
    PFI ANNOUNCES Q1 DIVIDEND, UPDATES TO DRS                                     
                                                                                  
    NZX listed industrial property landlord Property For Industry Limited (PFI,   
    the company) today announced a first quarter cash dividend of 1.75 cents per  
    share and minor updates to the company's dividend reinvestment scheme         
    documentation.                                                                
                                                                                  
    Dividends                                                                     
                                                                                  
    The PFI board has today resolved to pay a first quarter final cash dividend   
    of 1.75 cents per share. The dividend will have imputation credits of 0.4886  
    cents per share attached and a supplementary dividend of 0.2217 cents per     
    share will be paid to non-resident shareholders. The record date for the      
    dividend is 12 May 2016 and the payment date is 23 May 2016.                  
                                                                                  
    Dividend Reinvestment Scheme                                                  
                                                                                  
    The PFI board has today also resolved to operate the dividend reinvestment    
    scheme (DRS). A discount of 2% will be applied to the volume weighted average 
    sales price for the five trading days ended 17 May 2016.                      
                                                                                  
    In order to reflect NZX's change to T+2 settlement, the company has made      
    minor updates to its DRS documentation. Further details on PFI's DRS -        
    including the updated DRS document - can be found on PFI's website:           
    http//www.propertyforindustry.co.nz/investor-centre/dividend-information/di 
    vidend-reinvestment/.                                                         
                                                                                  
    General                                                                       
                                                                                  
    PFI's board and management team look forward to seeing shareholders at the    
    2016 annual meeting where a summary of the company's activities will be       
    presented. The meeting will be held at the Level 4 Lounge, South Stand, Eden  
    Park, Gate P5, Reimers Ave, Mount Eden, Auckland 1024 on 15 June 2016         
    commencing at 11.00am.                                                        
                                                                                  
    Contact                                                                       
    For further information please contact:                                       
                                                                                  
    Simon Woodhams                                                                
    General Manager                                                               
    Phone: +64 9 303 9652                                                         
    Email: [email protected]                                     
                                                                                  
    Craig Peirce                                                                  
    Chief Financial Officer and Company Secretary                                 
    Phone: +64 9 303 9651                                                         
    Email: [email protected]                                       
                                                                                  
    About PFI                                                                     
    PFI is New Zealand's only listed company specialising in industrial property. 
    PFI's portfolio of 84 industrial properties in Auckland, Hamilton, Mount      
    Maunganui, Wellington and Christchurch, is leased to 144 tenants.             
                                                                                  
    www.propertyforindustry.co.nz                                                 
                                                                                  
    Attachments                                                                   
    NZX Appendix 7 - 28 April 2016                                                
    End CA:00281411 For:PFI    Type:DIVIDEND   Time:2016-04-28 09:11:48           				
 
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