Distributions and tax | New Zealand
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Distributions and tax

Distributions for the year ending 31 March 2024

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 amended its distribution policy for the Trust, adopting a target payout ratio of between 80% and 90% of cash earnings.

Under the policy cash distributions of around 6.2 cents per unit are expected to be paid in FY24.

Timetable for the year ending 31 March 2024                                                     
Quarterly Distribution for the Period Ending  Payment date
June 2023 September 2023
September 2023 December 2023
December 2023 March 2024
March 2024 June 2024

Payment options

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. 


View Historical Distributions