GMT First Quarter Distribution | New Zealand
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GMT First Quarter Distribution

Tuesday, 4 September 2012
Goodman  Property  Trust  is  pleased  to  announce  the  payment  of  its  first  quarter distribution for the year ending 31 March 2013.

The record date for the distribution is 19 September 2012 with payment to be made on 27 September 2012. Unitholders will receive a cash distribution of 1.5625 cents per unit with an additional 0.1885 cents per unit in imputation credits.

With  current  gearing  at  the  bottom  of  the  Board’s  targeted  band  of  35-40%  the distribution reinvestment plan (“DRP”) has been suspended.

Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, “Recent and pending sales provide sufficient funding capacity that means the DRP is not currently required. Its reinstatement will be reviewed in subsequent periods as capital commitments require.”

Attachments: Appendix 7