30 June 2017 Distribution details
20 June 2017
Distribution for the six months ending 30 June 2017
Dexus today announced details relating to its distribution for the six months ending 30 June 2017. The distribution amount for the six months ending 30 June 2017 is 23.76 cents per stapled security.
Taking into account the distribution of 21.71 cents per stapled security for the six months ending 31 December 2016 (paid on 28 February 2017), this distribution will result in a total distribution of 45.47 cents per stapled security for the 2017 financial year, representing a 4.5% increase on the prior year.
The payment will be made in accordance with the following timetable:
|Ex-distribution date:||Thursday, 29 June 2017|
|Record date:||Friday, 30 June 2017|
|Payment date and dispatch of distribution and taxation statements:||Tuesday, 29 August 2017|
We propose to make amendments to the constitutions of the trusts that comprise Dexus to give effect to enable it to apply the new tax regime for managed investment trusts that was recently enacted under the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (Cth). As required by the Corporations Act (as modified by ASIC), a notice has been placed on the Dexus website in relation to the proposed amendments www.dexus.com/AMIT. If the amendments are made, we intend to opt into the new tax regime for Dexus Office Trust, Dexus Diversified Trust and Dexus Industrial Trust for the financial year ended 30 June 2017 (and for future financial years).
We confirm that our distribution reinvestment plan remains suspended and will not be in operation for this distribution payment. If any changes occur in this regard, we will advise the Australian Securities Exchange and security holders at the appropriate time.
Our 2017 annual results will be released on Wednesday, 16 August 2017.
Head of Listed Investor Relations