The Trust operates a Distribution Reinvestment Plan to provide Unit Holders with the opportunity to reinvest distributions into Trust units at a price equivalent to the weighted average price at which units are sold through the New Zealand Stock Exchange during the period of 10 business days immediately succeeding the record date for the relevant distribution.

The Plan provides Unit Holders with the benefit of reinvesting distributions without incurring any transaction costs.  The Plan has been successfully operating for over 10 years. 

Participating in the Plan is optional and is available to New Zealand and Australian Unit Holders.

A 2.5% discount will apply to the price at which units will be issued under the Plan in respect of the Trust’s interim distribution for the six-month period to 30 September 2008.  This means that eligible Unit Holders may acquire additional units in the Trust at a discount to the average unit price at which the units have been traded through the New Zealand Stock Exchange.

To find out more about the Plan along with terms and conditions please click below Distribution Reinvestment Plan Booklet.

If you have any questions about the Plan, please do not hesitate to contact us.  If you would like a copy of the Plan sent to you, please contact the Registrar.

Link Market Services Limited
PO Box 384
Ashburton 7740
New Zealand
 
Tel:  +64 3 308 8887 or toll free on 0800 377 388
Fax: +64 3 308 1311
Email: lmsenquiries@linkmarketservices.com