Precinct Third Quarter Dividend

Precinct shareholders will receive a third-quarter dividend of 1.50 cents per share plus imputation credits of 0.136244 cents per share. Offshore investors will receive an additional supplementary dividend of 0.061825 cents per share to offset non-resident withholding tax. The record date is 7 June 2019 and payment will be made on 21 June 2019. 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. ends- End CA:00335215 For:PCT Type:CORPACT Time:2019-05-29 10:07:39