Yes, the Company elected to become a Portfolio Investment Entity (PIE) as part of the restructure and corporatisation of The National Property Trust.
- APL’s current cash dividend of 1.8 cents per share is intended to be maintained during the Munroe Lane Development period and up to 31 March 2023
- Throughout the development period, dividends will be in excess of operating earnings resulting in dividends being partly funded from debt capacity from the restructured debt facilities
- APL intends to introduce a dividend re-investment plan, to help reduce cash outflows, commencing at its next dividend payment date in December 2020
- Dividends remain subject to quarterly review and are payable at the discretion of the Board, which will take into account all relevant factors when making decisions on dividend payments. Dividends are not guaranteed
Link Market Services is the registrar for Asset Plus Limited’s shares. Link can be contacted at:
Phone: +64 9 375 5998
Write: PO Box 91976, Auckland 1142
Shareholders with a Link Holder Reference number and FIN may update their banking instructions, provide IRD numbers, change their address or view their transaction history online. Go to www.linkmarketservices.co.nz.
Asset Plus is listed on the NZX and the Company’s shares are traded through sharebrokers. Our NZX code is APL. The NZX site has some useful information on trading shares, links to related websites and a glossary of sharemarket-related terms at www.nzx.com/investing. The NZX also list NZX registered sharebrokers at www.nzx.com/nzx-customers/market-participants/participant-roles#1.