13 Feb DNZ Property Fund Limited (DNZ) – FY13 Third Quarter Dividend
DNZ Property Fund Limited (DNZ) – FY13 Third Quarter Dividend 13/02/2013
The Board of DNZ has today approved a third quarter cash dividend of 2.25 cents per share. This dividend will carry imputation credits of 0.542 cents per share. A supplementary dividend of 0.246 cents per share will be paid to non-resident shareholders.
The record date for this dividend is 1 March 2013, with payment to shareholders to be made on 14 March 2013.
The dividend re-investment plan will remain in place for the FY13 third quarter dividend. A discount for the price of shares issued under the DRP has been set at 1% on the 5 day weighted average trading price of the shares, commencing on 2 March 2013 being the day after the record date.
Eligible Shareholders are reminded that any DRP participation or variation forms need to be received by DNZ’s registrar, Computershare Investor Services Limited, by 5:00 pm on the record date of 1 March 2013.
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 31 December 2012, DNZ Property Fund owned 47 properties with 256 tenants, a weighted average lease term (WALT) of 5.4 years and an occupancy rate of 99.2% over a net lettable area of 354,523m².
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 31 December 2012: Bunnings, Fletcher Building, Progressive Enterprises (Countdown), Foodstuffs (PAK’nSAVE & New World), NZ Government, ASB, Westpac, Meridian Energy, Lion and Mitre 10. These 10 tenants represent 52% of the Company’s total contract rental.