Cash Dividend/ Distribution::Choice

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Security
CROMWELL EUROPEAN REIT - SGXC37098255 - CWBU

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
24-Feb-2023 08:20:51
Status
New
Corporate Action Reference
SG230224DVCAO3RC
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Executive Director and Chief Executive Officer
Dividend/ Distribution Number
Applicable
Value
10
Financial Year End
31/12/2022
Declared Dividend/ Distribution Rate (Per Share/ Unit)
EUR 0.08494
Dividend/ Distribution Period
01/07/2022 TO 31/12/2022
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distributable income of EUR8.494 cents per unit in CEREIT for the period from 1 July 2022 to 31 December 2022 ("Distribution"). Please see attached for details.
Additional TextRegistered Unitholders (other than CDP) and Unitholders whose Units are held directly through CDP will receive their Distribution in Singapore dollars unless Unitholders elect to receive their Distribution in Euro by submitting a completed Currency Election Notice to CDP by Monday, 20 March 2023.
Additional TextNo action is needed for Unitholders who wish to receive the Distribution in Singapore dollars.
Taxation ConditionsThe distribution comprises wholly of a tax-exempt income component, and is exempt from tax in the hands of all Unitholders. No tax will be deducted at source.

Event Dates

Record Date and Time
06/03/2023 17:00:00
Ex Date
03/03/2023

Option 1-Cash Payment Details

Election Period
10/03/2023 TO 20/03/2023
Default Option
No
Option Currency
Euro
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.08494
Net Rate (Per Share)
EUR 0.08494
Pay Date
31/03/2023
Gross Rate Status
Actual Rate

Option 2-Cash Payment Details

Election Period
10/03/2023 TO 20/03/2023
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.08494
Net Rate (Per Share)
EUR 0.08494
Pay Date
31/03/2023
Gross Rate Status
Indicative Rate
Currency Pair
SGD/EUR
Exchange Rate
1.4216
Gross Rate in Option Currency
SGD 0.120751
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe exchange rate of EUR1 = S$1.4216 is as of 23 February 2023 and is indicative.

Attachments

CEREIT_2H2022_Record and Distribution Date_24Feb2023.pdf
Total size =151K

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Applicable for REITs/ Business Trusts/ Stapled Securities