DNZ Releases Interim Report and Pays Second Quarter Dividend

DNZ Releases Interim Report and Pays Second Quarter Dividend

DNZ Property Fund Limited Dividend Reinvestment Plan Price Determined 14/12/2012

DNZ Property Fund Limited today released its Interim Report for the six months ended 30 September 2012. The second quarter cash dividend of 2.25 cents per share, for the period ended 30 September 2012, was paid to shareholders on 13 December 2012.

This dividend carried 0.694 cents per share of imputation credits.

The Interim Report has been sent to shareholders today. A copy of the Interim Report can also be found on DNZ Property Fund’s website at www.dnzproperty.com.

For Further Information Please Contact:
Paul Duffy, Chief Executive, DNZ Property Fund Limited
DDI: 09 913 1154 – Mobile: 021 843 758 – 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 commercial office, retail and industrial properties located in the main urban areas throughout New Zealand. As at 30 September 2012, DNZ Property Fund owned 51 properties with 259 tenants, a weighted average lease term (WALT) of 5.7 years and an occupancy rate of 99.0% over a net lettable area of 377,350m².

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 $105 million (as at 31 March 2012) commercial property portfolio.

DNZ’s top 10 tenants as at 30 September 2012: Bunnings, Progressive Enterprises (Countdown), NZ Government, Fletcher Building, Foodstuffs (PAK’nSAVE & New World), ASB, Meridian Energy, Mitre 10, Lion and Westpac. These 10 tenants represent 51% of the Company’s total contract rental.

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