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- Release Date: 24/05/13 10:52
- Summary: GENERAL: GMT: GMT PIE status - binding ruling
- Price Sensitive: No
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GMT
24/05/2013 08:52
GENERAL
REL: 0852 HRS Goodman Property Trust
GENERAL: GMT: GMT PIE status - binding ruling
Goodman (NZ) Limited, the manager of Goodman Property Trust ("GMT" or
"Trust") has confirmed that the Trust has received a binding ruling from
Inland Revenue confirming that GMT meets the definition of a "Public Unit
Trust" for the purposes of the Income Tax Act 2007.
The effect of this ruling is that any unitholder (together with their
associated persons) may have an interest of up to 25% in the Trust without
the Trust losing its beneficial Portfolio Investment Entity status.
The ruling takes effect immediately.
For further information please contact:
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
About Goodman Property Trust
GMT is New Zealand's leading industrial and business space provider. It has a
substantial property portfolio, with a value in excess of $2.0 billion, that
accommodates more than 250 customers in Auckland and Christchurch.
It is a high quality business with an investment grade credit rating of BBB
from Standard & Poors.
GMT is an externally managed unit trust, listed on the NZX. It has a market
capitalisation in excess of $1.3 billion, ranking it in the top 15 of all
listed investment vehicles. The Manager of the Trust is a subsidiary of the
ASX listed Goodman Group, which is also the Trust's largest investor with a
cornerstone unitholding of 17.6%.
End CA:00236603 For:GMT Type:GENERAL Time:2013-05-24 08:52:29
