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
21-Sep-2020 17:45:10
Status
Replacement
Corporate Action Reference
SG200814CAPD5PG4
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Applicable
Value
5
Financial Year End
31/12/2020
Dividend/ Distribution Period
01/01/2020 TO 30/06/2020
Number of Days
182

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement on the Notice of Record and Distribution Payment Date on 14 August 2020, the Notice to Unitholders on Confirmation of Distribution Amount and Exchange Rate for Computation of Distribution in Euro is attached.
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 1.74 cents (EUR) per unit in CEREIT for the period from 1 January 2020 to 30 June 2020 (the "Distribution"). The Distribution will comprise wholly of a capital component of 1.74 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
24/08/2020 17:00:00
Ex Date
21/08/2020

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
EUR 0.0174
Net Rate (per share)
EUR 0.0174
Pay Date
28/09/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

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14/08/2020 21:58:56

Applicable for REITs/ Business Trusts/ Stapled Securities