GMT Suspends Distribution Reinvestment Plan | New Zealand
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GMT Suspends Distribution Reinvestment Plan

Thursday, 7 August 2014

Goodman (NZ) Limited, the Manager of Goodman Property Trust, has announced that the Distribution Reinvestment Plan (“DRP”) has been suspended.

The suspension is immediate, meaning that DRP will not operate for the quarterly distribution being paid on 18 September 2014.

The DRP may be reinstated at a future date and participants are reminded that elections remain in place, but inactive, even when the DRP is suspended. On reinstatement, Unitholders who have previously elected to participate in the DRP will continue to do so, unless they vary their participation by advising Computershare Investor Services.

About Goodman Property Trust: 

GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.3 billion, ranking it in the top 15 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group, Goodman Group are also the Trust’s largest investor with a cornerstone unitholding of 17.6%. GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio with a value in excess of $2.0 billion that accommodates around 260 customers. The Trust holds an investment grade credit rating of BBB 
from Standard & Poor’s.