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Frequently asked questions
What is a property trust?
A property trust is an investment vehicle which pools the money of many investors, so that they can all share in the returns on a wide spread of property investments. When you buy units in a trust like Kiwi Income Property Trust, you effectively acquire a share of the ownership of the assets. The returns from these assets are largely comprised of rent paid by tenants to occupy space in the properties. These returns are distributed to you as a unit holder according to your portion of the total pool invested. Assets are owned by the Trustee, held in trust for unit holders. The Trustee adds a level of governance not found in a corporate structure.
What does listed mean?
A trust is 'listed' when its units are quoted (or listed) on a stock exchange. Kiwi Income Property Trust units are listed on the New Zealand Stock Exchange (NZX) and are actively traded each day, so their value will rise and fall according to market conditions. This 'liquidity' is an advantage of owning a property security over the underlying property which can't be traded so readily.
How can I invest in the trust?
You can purchase units, which are listed on the NZX (code KIP), through registered sharebrokers. Simply contact your local sharebroker and tell them your investment requirements. You can find a list of registered sharebrokers by writing to or telephoning the NZX, or by visiting www.nzx.com. If you would like more information about how to invest with a stockbroker, go to Investment process.
How do I sell units?
Because Kiwi Income Property Trust is listed on the NZX, you can sell units in the Trust through an NZX registered sharebroker. You can find a list of registered sharebrokers by writing to or telephoning the NZX, or by visiting www.nzx.com.
Where can I get independent opinions on the outlook for Kiwi Income Property Trust units?
Both sharebrokers and research firms regularly publish research about Kiwi Income Property Trust. You can find a list of registered sharebrokers by writing to or telephoning the NZX, or by visiting www.nzx.com.
How do I change my investment details e.g. name, address, method of payment etc?
To make changes to your investment details, you must do so in writing to the Registrar. Alternatively you may do this online through the Holder Validation form on our Access your unit holding page.
Can I elect to receive new units in lieu of a cash distribution?
You can receive units in lieu of cash distributions by participating in the Distribution Reinvestment Plan. You can contact the Registrar for a copy of the Plan which includes the Election Notice that you will need to complete and return in order to participate. Alternatively, you can simply download the information here.
What are the contact details of the Registrar?
Link Market Services Limited
PO Box 384
Tel: +64 3 308 8887 or toll free on 0800 377 388
Fax: +64 3 308 1311
How are distributions paid?
Distributions can be paid by cheque or directly credited into a nominated New Zealand bank account. Direct credit nomination forms may be obtained from the Unit Registrar. Alternatively you can participate in the Trust's Distribution Reinvestment Plan. Unit Holders who wish to participate in the Plan and who have not previously elected to participate, should contact the Registrar for a copy of the Plan which includes the Election Notice that you will need to complete and return in order to participate. Alternatively you can simply download the information here.
When is the next dividend payment due?
Please visit Calendar of key dates for information on payment dates.