Growthpoint Metro Office Fund (formerly GPT Metro Office Fund or GMF)

On 1 July 2016, Growthpoint Properties Australia announced a takeover of the GPT Metro Office Fund (trading on the ASX as GMF). Growthpoint’s offer was approximately $2.50 per GMF unit with consideration comprising approximately $1.25 cash and $1.25 in Growthpoint securities at an issue price of $3.15. GMF unitholders had the option to take 100% with Growthpoint of South Africa and other existing Growthpoint taking the $1.25 per GMF unit in Growthpoint securities. The offer closed on 23 September 2016 with Growthpoint reaching over 90% acceptances and now working towards compulsory acquisition of the balance. Payments to GMF unitholders and the issue of new Growthpoint securities commenced on 23 September 2016.

GMF unitholders may contact 1800 260 453 if they have any queries or to Growthpoint’s bidder’s statement.

 

Historical information

The following historical information is provided for the benefit of previous GMF unitholders:

 


 

Tax information - Tax year ended 30 June 2016

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2016 were mailed on 31 August 2016. The taxation components of the GPT Metro Office Fund distribution for the year are set out in the Annual Tax Statement. A detailed breakdown of the components included in this Tax Statement is as follows:

GPT Metro Office Fund Distribution Summary

GMF paid the following distribution to Unitholders during the year ended 30 June 2016:

Period Ended Payment Date Cents per Unit
Six months to 31 December 2015 29-Feb-16 7.65
Three months to 31 March 2016 29-Apr-16 3.85
Three months to 30 June 2016 31-Aug-16 3.85

 

GMF’s year end for taxation purposes is 30 June. The distribution paid to GMF unitholders for the tax year ended 30 June 2016 relates to the period from 1 July 2015 to 30 June 2016. The components of the distribution on a cents per security basis for the year ended 30 June 2016 are provided below:

Period Ended Six months to
31 December 2015
Three months to
31 March 2016
Three months to
30 June 2016
Twelve months to
30 June 2016
Rate / Cents per unit 7.65 3.85 3.85 15.35

Australian Sourced income
(interest income)

0.032613 0.020861 0.018288 0.071762
Australian Sourced income
(other income)
3.333414 2.729908 0.566292 6.629614
Foreign Sourced Income 0.000000 0.000000 0.000000 0.000000
Tax Deferred Income 4.283973 1.099231 3.265420 8.648624
Total Distribution paid 7.65 3.85 3.85 15.35

 

Important Note: Australian resident investors should not rely on the information contained in the tables above for the purpose of completing their income tax return. Details of the components of distributions were provided in the 2016 Annual Tax Statement which was sent to all investors on 31 August 2016.

Guide to Annual Tax Statement

A Guide to the GPT Metro Office Fund 2016 Annual Tax Statement was mailed with the 2016 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to the GPT Metro Office Fund Annual Tax Statement 2016

 


 

Distributions

GMF makes payments to Unitholders on a quarterly basis. GMF's year end for tax purposes is 30 June, at which time the net income and the components of the distribution are determined. The total annual distribution is advised in the Annual Tax Statement, mailed to investors in August each year.

GMF's Distribution Reinvestment Plan (DRP) has been suspended until further notice.

Comprehensive information about GMF payments can be found in the Distribution Archive at the bottom of this section.

Distribution Announcement Ex Date Record Date Payment Date
March 2016 Quarter 22 March 2016 30 March 2016 31 March 2016 29 April 2016
June 2016 Quarter 23 June 2016 29 June 2016 30 June 2016 31 August 2016
September 2016 Quarter 23 September 2016 29 September 2016 30 September 2016 31 October 2016

 

Recent Payment History

30 September 2016 Payment
Estimated Distribution Components Cents per Unit
Australian Sourced income (interest income)

0.00896

Australian Sourced income (other income)

1.35790

Foreign Sourced Income 0.000000
Tax Deferred Income

2.53314

Total Distribution paid 3.90

Notice for the Purposes of Section 12-395 of the Taxation Administration Act (applicable to non-resident investors and their custodians only)

GPT Metro Office Fund is a Managed Investment Trust (“MIT”). The following information is provided solely for the purpose of Subdivision 12-H of the Taxation Administration Act and should not be used for any other purpose. For the purpose of section 12-395 of Schedule 1 of the Taxation Administration Act the “fund payment” amount for the current period ended 30 September 2016 is 1.35791 cents per unit, which is in respect of the income year ending 30 June 2017.

The current period’s fund payment amount has been calculated in accordance with the tax legislation for the purpose of withholding of tax from distributions made to foreign residents.

Important Note: Australian resident investors should not rely on the information contained in the tables above for the purpose of completing their income tax return. Details of the components of distributions will be provided in the 2017 Annual Tax Statement which will be sent to all investors in August 2017.

 


 
30 June 2016 Payment

GMF advises the distribution for the quarter ended 30 June 2016 of 3.85 cents per unit comprises the components as set out below. The components of this distribution will be reflected in investors’ distribution advices for the quarter to 30 June 2016.

Estimated Distribution Components Cents per Unit
Australian Sourced income (interest income) 0.018288
Australian Sourced income (other income) 0.566292
Foreign Sourced Income 0.000000
Tax Deferred Income 3.265420
Total Distribution paid 3.85 

Notice for the Purposes of Section 12-395 of the Taxation Administration Act (applicable to non-resident investors and their custodians only)

GPT Metro Office Fund is a Managed Investment Trust (“MIT”). The following information is provided solely for the purpose of Subdivision 12-H of the Taxation Administration Act and should not be used for any other purpose. For the purpose of section 12-395 of Schedule 1 of the Taxation Administration Act the “fund payment” amount for the current period ended 30 June 2016 is 0.566292 cents per unit, which is in respect of the income year ending 30 June 2016.

The current period’s fund payment amount has been calculated in accordance with the tax legislation for the purpose of withholding of tax from distributions made to foreign residents.

Important Note: Australian resident investors should not rely on the information contained in the tables above for the purpose of completing their income tax return. Details of the components of distributions will be provided in the 2016 Annual Tax Statement which will be sent to all investors in August 2016.

 


 
31 March 2016 Payment

GMF advises the distribution for the quarter ended 31 March 2016 of 3.85 cents per unit comprises the components as set out below. The components of this distribution will be reflected in investors’ distribution advices for the quarter to 31 March 2016.

Estimated Distribution Components Cents per Unit
Australian Sourced income (interest income) 0.020861
Australian Sourced income (other income) 2.729908
Foreign Sourced Income 0.000000
Tax Deferred Income 1.099231
Total Distribution paid 3.85

Notice for the Purposes of Section 12-395 of the Taxation Administration Act (applicable to non-resident investors and their custodians only)

GPT Metro Office Fund is a Managed Investment Trust (“MIT”). The following information is provided solely for the purpose of Subdivision 12-H of the Taxation Administration Act and should not be used for any other purpose. For the purpose of section 12-395 of Schedule 1 of the Taxation Administration Act the “fund payment” amount for the current period ended 31 March 2016 is 2.729908 cents per unit, which is in respect of the income year ending 30 June 2016.

The current period’s fund payment amount has been calculated in accordance with the tax legislation for the purpose of withholding of tax from distributions made to foreign residents.

Important Note: Australian resident investors should not rely on the information contained in the tables above for the purpose of completing their income tax return. Details of the components of distributions will be provided in the 2016 Annual Tax Statement which will be sent to all investors in August 2016.

 


 
31 December 2015 Payment

GMF advises the distribution for the six months ended 31 December 2015 of 7.65 cents per unit comprises the components as set out below. The components of this distribution will be reflected in investors’ distribution advices for the six months to 31 December 2015.

Estimated Distribution Components Cents per Unit
Australian Sourced income (interest income) 0.032613
Australian Sourced income (other income) 3.333414
Foreign Sourced Income 0.000000
Tax Deferred Income 4.283973
Total Distribution paid 7.65

Notice for the Purposes of Section 12-395 of the Taxation Administration Act (applicable to non-resident investors and their custodians only)

GPT Metro Office Fund is a Managed Investment Trust (“MIT”). The following information is provided solely for the purpose of Subdivision 12-H of the Taxation Administration Act and should not be used for any other purpose. For the purpose of section 12-395 of Schedule 1 of the Taxation Administration Act the “fund payment” amount for the current period ended 31 December 2015 is 3.333414 cents per unit, which is in respect of the income year ending 30 June 2016.

The current period’s fund payment amount has been calculated in accordance with the tax legislation for the purpose of withholding of tax from distributions made to foreign residents.

Important Note: Australian resident investors should not rely on the information contained in the tables above for the purpose of completing their income tax return. Details of the components of distributions will be provided in the 2016 Annual Tax Statement which will be sent to all investors in August 2016.

 



30 June 2015 Payment

GMF advises the distribution for the eight months ended 30 June 2015 of 10.15 cents per unit comprises the components as set out below. The components of this distribution will be reflected in investors’ distribution advices for the eight months to 30 June 2015.

Estimated Distribution Components Cents per Unit
Australian Sourced income (interest income) 0.117293
Australian Sourced income (other income) 6.174363
Foreign Sourced Income 0.000000
Tax Deferred Income 3.858344
Total Distribution paid 10.15

Notice for the Purposes of Section 12-395 of the Taxation Administration Act (applicable to non-resident investors and their custodians only)

GPT Metro Office Fund is a Managed Investment Trust (“MIT”). The following information is provided solely for the purpose of Subdivision 12-H of the Taxation Administration Act and should not be used for any other purpose. For the purpose of section 12-395 of Schedule 1 of the Taxation Administration Act the “fund payment” amount for the current period ended 30 June 2015 is 6.174363 cents per unit, which is in respect of the income year ended 30 June 2015.

The current period’s fund payment amount has been calculated in accordance with the tax legislation for the purpose of withholding of tax from distributions made to foreign residents.

Important Note: Australian resident investors should not rely on the information contained in the tables above for the purpose of completing their income tax return. Details of the components of distributions will be provided in the 2015 Annual Tax Statement which will be sent to all investors on or around August 2015.

 

Distribution Archive
Period ended Date paid /
DRP Units acquired
Distribution
(cents)
Tax Deferred Dep'n & other
(cents per unit)
DRP Price
(unit)
30 Jun 15 21 Aug 15 10.15 To be confirmed at the end of the 2016 tax year $2.05040

31 Dec 15

29 Feb 16 7.65 To be confirmed at the end of the 2016 tax year -
31 Mar 16 29 Apr 16 3.85 To be confirmed at the end of the 2016 tax year -

 

 

 

FINANCIAL RESULTS

2016
Reports, Newsletters & Events
Annual results
Interim Results

Half Year Update

GMF Target Statement

ASX Announcement

Presentation

Presentation (with speaker notes)

Appendix 4E

Annual Financial Report

Distribution Announcement

Data Pack

ASX Announcement

Presentation

Presentation (with speaker notes)

Appendix 4D

Interim Financial Report

Distribution Announcement

Data Pack

 

2015
Reports, Newsletters & Events
Annual Results 
Operational updates

Annual Financial Report

Annual Review
 

ASX Announcement

Presentation

Presentation (with speaker notes)

Appendix 4E

Financial Report

Distribution Announcement

Data Pack

ASX Announcement

Presentation