PFI updates dividend reinvestment scheme

Thu, 06 Feb 2014

Feb. 7 (BusinessDesk) - Previous investors in Direct Property Fund, which is now merged with Property For Industry, are being offered the opportunity to reinvest their dividends in the PFI dividend reinvestment scheme, if and when its suspension is lifted. The two property companies merged July last year, creating the fifth largest listed property group on the New Zealand share market and boosting its portfolio 66 percent to 83 properties. Previous DPF shareholders, which make up 46.4 percent of the new company, can now apply to join the di...

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