FY24 First Quarter Dividend

Investore Property Limited (Investore) has today announced a cash dividend for the first quarter (1 April 2023 to 30 June 2023) of the financial year ending 31 March 2024 (FY24) of 1.975 cents per share to be paid on 25 September 2023 to all shareholders on the register at the close of business on 7 September 2023 (i.e., the record date). This dividend will carry imputation credits of 0.347145 cents per share. A supplementary dividend of 0.157528 cents per share will be paid to non-resident shareholders.

The Board confirms that it is targeting an annual cash dividend of 7.90 cents per share to shareholders for FY24, noting it will continue to monitor progress on asset sales and market conditions throughout the year.

The Dividend Reinvestment Plan announced in May 2023 will operate for the FY24 first quarter dividend of Investore, with a 2% discount being applied when determining the issue price.

The last date for receipt of an application for participation in the Dividend Reinvestment Plan in respect of this dividend is 5pm on 8 September 2023.

Ends

Attachment provided to NZX:

• Investore Property Limited – NZX Distribution Notice – 300823

For further information please contact:

Mike Allen, Chairman, Investore Property Limited
Mobile: 021 606 134 - Email: [email protected]

Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited as manager of Investore
Mobile: 021 230 3026 - Email: [email protected]

Adam Lilley, General Manager Investment, Stride Investment Management Limited as manager of Investore
Mobile: 021 024 99198 - Email: [email protected]

Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore
Mobile: 021 536 406 - Email: [email protected]

Louise Hill, General Manager Corporate Services, Stride Investment Management Limited as manager of Investore
Mobile: 0275 580 033- Email: [email protected]

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Announcement PDF