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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 kipt.co.nz.
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