- Narrative Type
- Narrative Text
|Additional Text||Cromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 1.744 cents (EUR) per unit in CEREIT for the period from 1 July 2020 to 31 December 2020 (the "Distribution"). The Distribution comprises wholly of a tax-exempt income component of 1.744 cents (EUR) per unit.|
Please see attached for details.
|Additional Text||Registered Unitholders (other than CDP) and Unitholders whose Units are held directly through CDP will receive their Distribution in SGD, unless Unitholders elect to receive their Distribution in EUR by submitting a completed "Notice of Election" to CDP by Friday, 19 March 2021.|
|Additional Text||No action is needed for Unitholders who wish to receive the Distribution in SGD.|
|Taxation Conditions||The Tax-exempt Income Distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source.|
|Additional Text||Cromwell EREIT Management Pte. Ltd., as manager of CEREIT, is pleased to announce the establishment of a Distribution Reinvestment Plan ("DRP"). Further details will be announced on the application of the DRP to the Distribution, including the issue price of new Units, in due course.|