Perpetual preference shares
Perpetual preference shares are listed on the NZX Debt Market (NZDX). Contact your share broker to purchase perpetual preference shares.
View the latest price for MTF Finance perpetual preference shares
All other enquiries related to perpetual preference shares should be directed to:
Computershare Investor Services Limited
09 488 8777
[email protected]
Ordinary shares
If you’re an approved MTF Finance originating shareholder, you can purchase ordinary shares.
View the latest price for MTF Finance ordinary shares
Institutional investors
All enquiries related to institutional investors can be made to:
Kyle Cameron – Chief Financial Officer
03 474 6373
[email protected]
Dividend Investment Plan
We have established a Dividend Reinvestment Plan (DRP) which offers you the opportunity to reinvest dividends received on some or all of your existing ordinary shares in MTF Finance into additional shares.
Who can participate? All shareholders of fully paid MTF Finance ordinary shares who are resident in, and whose address on the register of shareholders is in New Zealand may participate in the DRP, to the limit of their shareholding
How do I participate? To participate you must make a participation election in one of the following ways:
* Online Election: by visiting the website of MTF’s Share Registrar, Computershare: www.investorcentre.com/nz
* or by completing the Participation Form and returning it to Computershare by mail or email
Can I participate in the DRP for some of my shares? Yes, you can nominate a specific number of your shares to participate. For shares not participating in the DRP, dividends will be paid in accordance with your payment instructions.
When will my participation begin? Participation will begin with the first dividend payment after receipt of your online election or application form. Your election must be received by 5.00 pm on the business day following the relevant Record Date to be effective for that dividend.
What happens if I have more than one shareholding? You must lodge a separate election for each shareholding registered under different names or holding numbers.
Can I change my participation at any time? Yes. Simply notify the share registrar online (see "How do I participate in the DRP" above) or by using the application form. The application will be effective from the next dividend payment, but to be effective for that dividend the election must be received by 5.00 pm on the business day following the Record Date for the relevant dividend.
At what price will my shares be issued? The shares will be issued based on the higher of:
a) the volume-weighted average sale price per share for the most recent 100,000 Shares sold through ShareMart prior to the record date, or
B) $2.31, being the price at which MTF Finance undertook its most recent share buy-back
The Board may make any adjustment to the price it considers reasonable.
What will it cost me to participate? Nothing. No brokerage fees or commission will be payable for any shares issued under the DRP.
Can I sell my shares when I choose? You can sell any or all of your shares at any time.
If you elect for 'full participation' and then sell some of your shares, the dividends on your remaining shares will continue to be reinvested under the DRP.
If you elect for 'partial participation' and then sell some of your shares, the number of shares sold will be deemed to the full extent possible to be non-participating shares and the balance, if any, will be deemed to be participating shares under the DRP.
What about taxation? The New Zealand Inland Revenue currently treats dividends reinvested under the DRP in the same way as dividends received on shares. MTF Finance takes no responsibility for the taxation consequences of shareholders participating in the DRP, and recommends you obtain professional taxation advice.
Will I receive a dividend statement? After each issue of shares under the DRP, a dividend statement will be provided to you in accordance with your communication election showing full details of shares issued to you under the DRP.
Can the DRP be modified, suspended or cancelled? MTF Finance’s Directors may alter, suspend or terminate the DRP at any time. MTF Finance also intends to update its website where there are changes to the DRP.
Need more information? If you have further questions about how the DRP operates and how you can participate, please contact our share registry.
Dividend Reinvestment Plan - FAQs
Key dates
|
Key dates |
Description |
|---|---|
| Key dates 31 December 2023 | Description Quarterly perpetual preference share dividend payment |
| Key dates 6 December 2023 | Description Indicative 2023 final ordinary share dividend payment |
| Key dates 24 November 2023 | Description Indicative 2023 annual result announced |
| Key dates 30 September 2023 | Description Quarterly perpetual preference share dividend payment |
| Key dates 30 September 2023 | Description Perpetual preference share dividend reset |
| Key dates 30 September 2023 | Description Financial year end |
| Key dates 30 June 2023 | Description Quarterly perpetual preference share dividend payment |
| Key dates 9 June 2023 | Description Indicative interim ordinary share dividend payment |
| Key dates 30 May 2023 | Description Indicative 2023 interim results announced |
| Key dates 31 March 2023 | Description Quarterly perpetual preference share dividend payment |
| Key dates 23 March 2023 | Description MTF Finance AGM (virtual meeting) |
| Key dates 23 February 2023 | Description Closing date for shareholder director nominations |
