GPT will be changing the frequency of its distribution payments, from quarterly to half yearly to take effect from 1 July 2013.The change is being implemented as a result of GPT's ongoing focus on cost optimisation. It is estimated this change will save GPT approximately $1.6 million in finance and administration costs on an annual basis.
From 2014 onwards, the distribution dates each year will be at 30 June (to be paid in September) and 31 December (to be paid in March). The change in distribution frequency will not affect the distribution amount paid to securityholders.
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