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Interim Quarter Dividend

28/7/2020, 1:02 pm CORPACT

NZX RELEASE

Tuesday, 28 July 2020

INTERIM QUARTER DIVIDEND

Asset Plus Limited has provided a distribution notice in relation to the Company’s dividend declared for the quarter ended 30 June 2020.

The gross dividend for the quarter is 0.625 cents per share. The dividend consists of 0.45 cents per share of cash with 0.175 cents per share of imputation credits attached.

The record date for this dividend will be 5 August 2020 with payment to be made to shareholders on 12 August 2020.

The Company will also pay a supplementary dividend of 0.07941 cents per share in relation to non-resident shareholders.

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).

The dividend reflects the impact of the COVID-19 and the level of rental abatements in the first quarter. The Board expects to maintain dividends at this level. However, it will continue to review quarterly dividend payments with reference to the activities and earnings of the business during future quarters.

 NZX Distribution Notice

-ENDS-

For further information please contact:

Simon Woollams
Chief Financial Officer, Augusta Funds Management Limited, Manager of Asset Plus Limited
T (09) 300 6161
F (09) 300 6162
E zn.oc1597221249.atsu1597221249gua@n1597221249omis1597221249