Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
LENDLEASE GLOBAL COMMERCIAL TRUST MANAGEMENT PTE. LTD.
Security
LENDLEASE GLOBAL COMMERCIAL REIT - SGXC61949712 - JYEU

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
04-Apr-2022 17:48:09
Status
New
Corporate Action Reference
SG220404DVCAZLEC
Submitted By (Co./ Ind. Name)
Jill Chay
Designation
Joint Company Secretary
Dividend/ Distribution Number
Not Applicable
Financial Year End
30/06/2022
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.00804
Dividend/ Distribution Period
01/01/2022 TO 30/03/2022
Number of Days
89

Event Narrative

Narrative Type
Narrative Text
Additional TextAdvanced Distribution of 1.1371 Singapore cents per unit in Lendlease Global Commercial REIT for the period from 1 January 2022 to 30 March 2022 comprising:

(i) taxable income distribution of 0.8040 cents; and
(ii) tax-exempt income distribution of 0.3331 cents.
Taxation ConditionsTax will be deducted at source from the taxable income distribution in certain circumstances.

Qualifying investors and individuals (other than those who hold their units through a partnership) will generally receive pre-tax distributions. These distributions are exempt from tax in the hands of individuals unless such distributions are derived through a Singapore partnership or from the carrying on of a trade, business or profession in which case, such distributions are not exempt from tax and the individual must declare the gross distribution received as income in their Singapore tax returns.

Qualifying foreign non-individual investors and qualifying non-resident funds will receive their distributions after deduction of tax at the rate of 10%.

All other investors will receive their distributions after deduction of tax at the rate of 17%.
Additional TextPlease refer to the attached announcement for additional information.

Event Dates

Record Date and Time
30/03/2022 17:00:00
Ex Date
29/03/2022

Dividend Details

Payment Type
Payment Rate in Net
Taxable
Yes
Gross Rate (Per Share)
SGD 0.00804
Net Rate (Per Share)
SGD 0.00804
Pay Date
27/04/2022
Gross Rate Status
Actual Rate

Attachments

Applicable for REITs/ Business Trusts/ Stapled Securities