DNZ Property Fund Limited Dividend Reinvestment Plan Price Determined

DNZ Property Fund Limited Dividend Reinvestment Plan Price Determined

DNZ Property Fund Limited 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 14 March 2013 has been set at $1.6421 per share.

 
The strike price is calculated as the average of the weighted average prices at which shares in the Company were sold through the NZX on each of the 5 business days immediately succeeding the Record Date of 1 March 2013 less the discount of 1%.
 


 
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 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 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

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