Private Land and Property Fund announces distribution to unit holders

The Private Land and Property Fund (PLP) has declared a distribution to its unit holders, sourced from retained earnings. The distribution, totaling NZD 1,104,531.31, is based on the number of units on issue as of the notice date. Unit holders will receive a gross distribution of NZD 0.00930556 per financial product, with a total cash distribution of NZD 0.00670000.

The distribution is fully imputed at an imputation rate of 28%, resulting in imputation tax credits of NZD 0.00260556 per financial product. The record date for the distribution is September 11, 2025, with an ex-date of September 10, 2025, and payment scheduled for September 18, 2025.

A Distribution Reinvestment Plan (DRP) is also in effect. The DRP strike price will be announced on September 17, 2025, with new units to be issued under the program. The last date for unit holders to submit a DRP participation notice is September 11, 2025.