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