20 Feb FY15 Third Quarter Dividend
FY15 Third Quarter Dividend 20/02/2015
DNZ Property Fund Limited (DNZ) has today announced a third quarter cash dividend for the financial year ending 31 March 2015 (FY15) of 2.375 cents per share.
This dividend will carry imputation credits of 0.5675 cents per share. A supplementary dividend of 0.2575 cents per share will be paid to non-resident shareholders.
The record date for this dividend is 6 March 2015, with payment to shareholders to be made on 20 March 2015.
The Dividend Reinvestment Plan remains suspended for the FY15 third quarter dividend.
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 – Email: firstname.lastname@example.org
Peter Alexander, Chief Executive Officer, DNZ Property Fund Limited
DDI: 09 913 1154 – Mobile: 0275 443 678 – Email: email@example.com
Jennifer Whooley, Chief Financial Officer, DNZ Property Fund Limited
DDI: 09 913 1150 – Mobile: 021 536 406 – 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 $788.0 million (as at 30 September 2014) of commercial office, retail and industrial properties located in the main urban areas throughout New Zealand. As at 31 December 2014, DNZ Property Fund owned 45 properties with 292 tenants, a weighted average lease term (WALT) of 5.2 years and an occupancy rate of 99.0% over a net lettable area of 358,307m².
DNZ Property Fund Limited is a Portfolio Investment Entity in which investors hold shares and is managed by its own internal management team. DNZ is also the manager of Diversified NZ Property Fund Limited, a $115.9 million (as at 31 March 2014) commercial property fund.
DNZ’s top 10 tenants as at 31 December 2014: Bunnings, Progressive Enterprises (Countdown), Foodstuffs (PAK’nSAVE & New World), ASB, NZ Government, Fletcher Building, The Warehouse, Westpac, Meridian and Lion. These 10 tenants represent 50.2% of the Company’s total contract rental.