30 May DNZ Final Dividend for year ending 31 March 2013 – Revised Appendix 7 provided
DNZ Final Dividend for year ending 31 March 2013 – Revised Appendix 7 provided
DNZ Property Fund Limited (DNZ) has provided a revised Appendix 7 form in relation to its final dividend, following the issue of shares today under its recent private placement.
As announced previously, the shares issued under the private placement are entitled to participate in the cash dividend of 2.25 cents per share for the fourth quarter of the 31 March 2013 financial year. Now that the total number of shares that will participate in the dividend are known, DNZ has amended the Appendix 7 form filed on 22 May 2013 to include this information.
Attachments provided to NZX:
1. NZX Appendix 7 – Revised
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 March 2013, DNZ Property Fund owned 48 properties with 258 tenants, a weighted average lease term of 5.2 years and an occupancy rate of 99.6% over a net lettable area of 354,502m².
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 $111 million (as at 31 March 2013) commercial property portfolio.
DNZ’s top 10 tenants as at 31 March 2013: Bunnings, Fletcher Building, NZ Government, Progressive Enterprises (Countdown), Foodstuffs (PAK’nSAVE & New World), ASB, Westpac, Meridian Energy, Lion and Mitre 10. These 10 tenants represent 52% of the Company’s total contract rental.