REPL::Capital Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Security
CROMWELL EUROPEAN REIT - SG1EA8000000 - CNNU

Announcement Details

Announcement Title
Capital Distribution
Date &Time of Broadcast
25-Mar-2019 08:16:46
Status
Replacement
Corporate Action Reference
SG190227CAPDD5T2
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Executive Director and Chief Executive Officer
Dividend/ Distribution Number
Not Applicable
Financial Year End
31/12/2018
Dividend/ Distribution Period
01/07/2018 TO 31/12/2018
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement on the Notice of Book Closure and Distribution Payment Date on 27 February 2019, the Notice to Unitholders on the Exchange Rate for Computation of Distribution in EUR is attached.
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 1.57 cents (EUR) per unit in CEREIT for the period from 1 July 2018 to 31 December 2018, comprising a tax-exempt income component of 0.49 cents (EUR) per unit and a capital component of 1.08 cents (EUR) per unit.
Taxation ConditionsThe Capital Distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to income tax. For Unitholders who hold the Units as trading assets, the amount of capital gain distribution will be applied to reduce the cost base of their Units for the purpose of calculating the amount of taxable trading gains arising from the disposal of the Units.

Event Dates

Record Date and Time
07/03/2019 17:00:00
Ex Date
06/03/2019

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
EUR 0.0108
Net Rate (per share)
EUR 0.0108
Pay Date
29/03/2019
Gross Rate Status
Actual Rate

Attachments

Related Announcements

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27/02/2019 08:19:33

Applicable for REITs/ Business Trusts/ Stapled Securities