Argosy Property Limited (Company) has announced a second quarter (for the
period to 30 September 2017) cash dividend for the 2018 financial year of
1.550 cents per share. Imputation credits of 0.327195 cents per share will be
attached to the dividend representing income tax paid by the Company.
Overseas investors will receive an additional supplementary dividend of
0.148475 cents per share to offset non resident withholding tax.
As Argosy is a PIE the dividend is able to be treated as excluded income for
New Zealand income tax purposes. For shareholders who choose to include the
dividend in their New Zealand income tax return the Company''s first quarter
dividend of 1.550 cents per share is made up of:
- a fully imputed dividend of 0.841360 cents per share with imputation
credits of 0.327195 cents per share attached; and
- an excluded distribution of 0.708640 cents per share.
(Shareholders who treat the entire dividend as excluded income for New
Zealand income tax purposes will not be able to claim the imputation
credits).
The record date for the dividend is 6 December 2017 and the payment date is
20 December 2017.
The dividend reinvestment plan ("DRP") will continue but no discount will be
applied to the price at which shares will be issued under the DRP for this
dividend.
Based on current projections for the portfolio, a dividend of 6.20 cents per
share is expected to be paid for the year to 31 March 2018.
Shareholders wishing to participate in the DRP for the dividend on 20
December 2017 - and who haven''t notified the Company''s Registrar,
Computershare Investor Services Limited, of their intention - are required to
do so by completing an Election Notice or Notice of Change or Withdrawal (as
appropriate) in time to be received before 5.00pm, 6 December 2017. Election
Notices and Notices of Change or Withdrawal received by the Registrar on or
after 5.00pm, 6 December 2017 will not apply to the 20 December 2017 dividend
but will take effect for future dividends.
An Election Notice can be obtained by contacting Computershare on (09) 488
8777.
End CA:00310669 For:ARG Type:CORPACT Time:2017-11-21 08:31:14