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PPS Rate Reset 2014

12 March 2014

Quayside Holdings Limited advises that the Dividend Rate for the Perpetual Preference Shares (NZX listing QHLHA) has been reset at a rate of 5.88%.  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 2014 to 12 March 2017.

Dividends will continue to be paid quarterly in March, June, September and December.  The first dividend paid at the new rate will be on 12 June 2014.

Click here to view Quayside Holdings Limited Preference Shares Rate Reset investors covering letter