GMT has opted into the Portfolio Investment Entity regime and distributions are paid on a quarterly basis, within three months of a quarter end.
The Board has recently amended its distribution policy for the Trust, adopting a target payout ratio of between 80% and 90% of cash earnings.
Under the new policy cash distributions of at least 5.3 cents per unit are expected to be paid in FY21.
| Timetable for the year ending 31 March 2021 | |
|---|---|
| Quarterly Distribution for the Period Ending | Payment date |
| June 2020 | September 2020 |
| September 2020 | December 2020 |
| December 2020 | March 2021 |
| March 2021 | June 2021 |
If you would like to have your distributions paid directly into a New Zealand financial institution account, please download and complete a Direct Credit Instruction Form and return it to Computershare Investor Services Limited at the address provided. If you do not elect to have your distributions paid by direct credit, they will be paid by cheque and mailed to your registered address.
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