PFI
02/11/2015 08:30
DIVIDEND
NOT PRICE SENSITIVE
REL: 0830 HRS Property for Industry Limited
DIVIDEND: PFI: PFI Announces Third Quarter Dividend, Confirms Guidance
PFI ANNOUNCES THIRD QUARTER DIVIDEND, CONFIRMS GUIDANCE
NZX listed industrial property landlord Property For Industry (PFI) today
announced a third quarter cash dividend of 1.8 cents per share and confirmed
earnings and dividend guidance.
Dividend
The PFI board has today resolved to pay a third quarter cash dividend of 1.8
cents per share. The dividend will have imputation credits of 0.4250 cents
per share attached and a supplementary dividend of 0.1929 cents per share
will be paid to non-resident shareholders. The record date for the dividend
is 16 November 2015 and the payment date is 25 November 2015.
This dividend will take cash dividends for the first three quarters of 2015
to 5.3 cents per share, in line with the previous corresponding period.
Dividend Reinvestment Scheme
The PFI board has today resolved to reinstate 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 19 November 2015.
Shareholders who have previously completed an application to participate in
PFI's DRS and who wish to receive shares instead of cash do not need to do
anything further, as your previous election will continue to apply.
Shareholders who wish to change their previous participation will need to
complete a new application, which can be found on PFI's website:
https://www.propertyforindustry.co.nz/investor-centre/dividend-information/di
vidend-reinvestment/.
Any shareholder who has not previously elected to participate in PFI's DRS
and who wishes to continue receiving cash dividends need take no further
action.
Guidance
PFI's guidance for the financial year ending 31 December 2015 remains
unchanged, with distributable profit expected to be at least 7.35 cents per
share and cash dividends expected to be 7.30 cents per share, subject to
economic and market conditions.
Contact
For further information please contact:
Nick Cobham
General Manager (Joint)
Phone: +64 9 303 9656
Email: [email protected]
Simon Woodhams
General Manager (Joint)
Phone: +64 9 303 9652
Email: [email protected]
About PFI
PFI is New Zealand's only listed company specialising in industrial property.
PFI's portfolio of 85 industrial properties in Auckland, Hamilton, Mount
Maunganui, Wellington and Christchurch, is leased to 145 tenants.
www.propertyforindustry.co.nz
Attached
Appendix 7 - 2 November 2015
End CA:00272644 For:PFI Type:DIVIDEND Time:2015-11-02 08:30:41
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