- Narrative Type
| - Narrative Text
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| Additional Text | Stoneweg European Real Estate Investment Trust ("SERT") has announced a distributable income of EUR7.056 cents per unit for the period from 1 July 2024 to 31 December 2024 (the "Distribution"). Please see attached for details. |
| Additional Text | The distribution comprises two components:
I. Distribution out of tax-exempt income ("Tax-exempt Income Distribution") of EUR5.288 cents per Unit; and
II. Distribution out of capital ("Capital Distribution") of EUR1.768 cents per Unit. |
| Additional Text | This announcement is released for Capital Distribution. |
| Additional Text | Registered 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 Wednesday, 19 March 2025. |
| Additional Text | No action is needed for Unitholders who wish to receive the Distribution in Singapore dollars. |
| Taxation Conditions | The Capital Distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to income tax. |
| Taxation Conditions | 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. |