Milford Asset Management boosts Precinct Properties stake to 11.1%

Milford Asset Management Limited has filed an amended disclosure regarding its substantial holding in Precinct Properties Group, correcting an earlier announcement from October 16, 2025. The original disclosure incorrectly stated the total in class as 1,587,939,000 units, which has now been updated to 1,819,646,065 units. This correction impacts the reported percentage of holdings.

As of October 14, 2025, Milford Asset Management Limited's total number of units held in class is 201,959,483, representing 11.0988% of the total in class. This marks an increase from the last disclosure, where the total number held in class was 160,262,908, representing 10.093% of the then-stated total of 1,587,939,000 units. The change in relevant interest is attributed to on-market purchases totaling 41,696,575 units, for a total consideration of $51,286,787.25.

The increased stake is distributed across several Milford funds, with the Milford Active Growth Wholesale Fund holding 133,556,044 units (7.340%), Milford Income Wholesale Fund holding 46,189,051 units (2.538%), Milford NZ Equities Wholesale Fund holding 21,860,751 units (1.201%), and Milford Trans-Tasman Equity Screened Wholesale Fund holding 353,637 units (0.019%).