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- Release Date: 09/12/13 15:40
- Summary: DRP: DNZ: DNZ Dividend Reinvestment Plan Price Determined
- Price Sensitive: No
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DNZ
09/12/2013 13:40
DRP
REL: 1340 HRS DNZ Property Fund Limited
DRP: DNZ: DNZ Dividend Reinvestment Plan Price Determined
DNZ Property Fund Limited wishes to advise that the strike price for the
shares to be issued under its Dividend Reinvestment Plan in respect of the
dividend payable on 13 December 2013 has been set at $1.5313 per share.
The strike price is calculated on the 5 day weighted average trading price of
the shares, commencing on (and including) 2 December 2013 being the first
business day immediately after the record date less the discount of 1%.
END
For Further Information Please Contact:
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 30 September 2013, DNZ Property
Fund owned 47 properties with 293 tenants, a weighted average lease term of
5.6 years and an occupancy rate of 99.4% over a net lettable area of
365,912m2.
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:00244902 For:DNZ Type:DRP Time:2013-12-09 13:40:16
