24 Jun DNZ Releases 2011 Annual Report and Pays Final Dividend
DNZ Releases 2011 Annual Report and Pays Final Dividend 24/06/2011
DNZ Property Fund Limited today released its 2011 Annual Report and confirms it has paid the final quarter dividend for the financial year ended 31 March 2011.
The final cash dividend of 2.0 cents per share was paid to Shareholders on 22 June 2011. This dividend carried no imputation credits.
The Annual Report has been sent to Shareholders today. A copy of the Annual Report can also be found on DNZ Property Fund’s website at www.dnzproperty.com.
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 – Email: email@example.com
Paul Duffy, CEO, DNZ Property Fund Limited
Phone: 09 912 2690 – Mobile: 021 843 758 – Email: firstname.lastname@example.org
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 2011, DNZ Property Fund owned 50 properties with 283 tenants, a weighted average lease term (WALT) of 4.3 years, an occupancy rate of 98% over a net lettable area of 371,481m², and a portfolio value of $638m.
DNZ Property Fund Limited is a Portfolio Investment Entity in which investors hold shares and is managed by its own internalised management team. DNZ Property Fund Limited also manages the property portfolio of Diversified NZ Property Fund Limited, which is owned by Australian institutional investors.