Date: 14 March 2011
Quayside Holdings Limited advises that the Dividend Rate for the Perpetual Preference Shares (NZX listing QHLHA) has been reset at a rate of 5.42%. The rate reflects the three year interest rate swap plus a margin of 1.70%.
The rate will be effective for the next three years, a period from 12 March 2011 to 12 March 2014. Dividends will continue to be paid quarterly in March, June, September and December.