Precinct Third Quarter Dividend

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
NZX announcement – 17 May 2022
Precinct Third Quarter Dividend

Precinct Properties New Zealand (Precinct) (NZX:PCT) is pleased to advise Precinct
shareholders will receive a third-quarter dividend of 1.675 cents per share. Due to Precincts
current tax position for the period, there are no imputation credits to attach for the quarter
and therefore no supplementary dividend to be paid (see note 1). The record date is 27 May
2022 and payment will be made on 10 June 2022.
Ends

For further information, please contact:

Richard Hilder
Chief Financial Officer
Mobile: +64 29 969 4770
Email: richard.hilder@precinct.co.nz

About Precinct (PCT)
Precinct is New Zealand’s only listed city centre specialist investing predominantly in premium
and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns
Auckland’s HSBC Tower, AON Centre, Jarden House, Deloitte Centre, 204 Quay Street, Mason
Bros. Building, 12 Madden Street, 10 Madden Street, PwC Tower and Commercial Bay Retail;
and Wellington’s AON Centre, NTT Tower, Central on Midland Park, No. 1 and No. 3 The
Terrace, Mayfair House, Charles Fergusson Building, Defence House, Bowen House, Freyberg
Building and 30 Waring Taylor Street. Precinct owns Generator NZ, New Zealand’s premier
flexible office space provider. Generator currently offers 13,600 square metres of space across
nine locations in Auckland and Wellington.
Note 1
A supplementary dividend is paid to non-resident shareholders to offset the amount of non-resident withholding
tax (“NRWT”) that New Zealand companies are required to deduct from dividends paid to non-resident
shareholders. A supplementary dividend is paid to ensure equitable treatment between non-resident shareholders
and resident shareholders (whose dividends are not subject to NRWT). There’s no disadvantage to Precinct or our
shareholders, and non-resident shareholders don’t get a larger cash dividend than an equivalent New Zealand
resident shareholder.