Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Dividend Reinvestment Scheme

For immediate release
3 June 2004

Dividend Reinvestment Scheme

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust, wishes to advise that the final dividend which is payable on 25 June 2004 is eligible for reinvestment in accordance with the terms of the Dividend Reinvestment Scheme. Unit holders may elect to apply all or a specified part of the net dividend payable to them towards subscribing for new fully paid units in the Trust.

The strike price for reinvestment will be determined by reference to the weighted average of the prices at which units in the Trust are traded at through the New Zealand Stock Exchange during the period 14 June 2004 and 18 June 2004 inclusive. Unit holders who wish to participate in the Scheme and who have not previously elected to participate, should notify the Registrar, BK Registries Limited, PO Box 384, Ashburton, New Zealand, Ph +64 3 308 8887 or toll free on 0800 377 388 and request the brochure containing the Terms of the Dividend Reinvestment Scheme and complete an Election Notice. Notices must be received by the Registrar prior to the close of business on 11 June 2004.

About Kiwi Income Property Trust

Kiwi Income Property Trust’s aim is to maximise returns for its unit holders through the careful acquisition and professional management of its property portfolio. All net income (after tax) is distributed to unit holders in each financial year.

The Trust is listed on the New Zealand Exchange and is ranked 14th by market capitalisation on the NZSX50.

The Trust’s office assets are located in key CBD locations and comprise:

Vero Centre Auckland
National Bank Centre Auckland
HP House Auckland
Vodafone House Auckland
AUT Faculty of Arts Building Auckland
Majestic Centre Wellington
BP House Wellington
Unisys House Wellington
PricewaterhouseCoopers Centre Christchurch

The Trust’s retail assets comprise:

Northlands Shopping Centre Christchurch
Centre Place Shopping Centre Hamilton
Downtown Plaza Shopping Centre Hamilton
North City Shopping Centre Porirua
The Plaza Shopping Centre Palmerston North

Kiwi Income Property Trust’s website address is

© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>