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


Distribution Reinvestment Plan

Distribution Reinvestment Plan

Kiwi Income Property Trust has today released a revised copy of its Distribution Reinvestment Plan booklet.

The Plan provides eligible Unit Holders with the opportunity to reinvest distributions without incurring any transaction costs. The Plan has been successfully operating for over 10 years with more than 2,600 Unit Holders currently participating.

The key terms of the Plan have not been changed. However, certain minor variations have been made to reflect the internalisation of the management of the Trust which occurred on 13 December 2013.

A 2% discount will still apply in respect of the Trust’s 2014 final distribution payment.

This means that eligible Unit Holders may acquire additional units in the Trust at a 2% discount to the average unit price at which units have traded through the New Zealand Stock Exchange during the pricing period.

The record date for the final distribution is 5 June 2014 and the distribution will be paid on 19 June 2014.

A copy of the Distribution Reinvestment Plan booklet has been provided to NZX with this announcement, and is also available on the Trust’s website at


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news