REPL::Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

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

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
23-Mar-2022 19:03:04
Status
Replacement
Corporate Action Reference
SG220223DVOP5H8T
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Applicable
Value
8
Dividend/ Distribution Type
Final
Financial Year End
31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
EUR 0.03825
Dividend/ Distribution Period
01/07/2021 TO 31/12/2021
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextPlease refer to the attached announcement titled "NOTICE TO UNITHOLDERS ON EXCHANGE RATE FOR COMPUTATION OF DISTRIBUTION IN EURO".
Taxation ConditionsThe Capital Distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to income tax.
Taxation ConditionsFor 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
03/03/2022 17:00:00
Ex Date
02/03/2022

Option 1-Cash Payment Details

Election Period
10/03/2022 TO 18/03/2022
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
EUR 0.03825
Net Rate (Per Share)
EUR 0.03825
Pay Date
31/03/2022
Gross Rate Status
Actual Rate
Currency Pair
SGD/EUR
Exchange Rate
1.4912
Gross Rate in Option Currency
SGD 0.057038
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe exchange rate of EUR1 = S$1.4912 is as of 23 March 2022.

Option 2-Cash Payment Details

Election Period
10/03/2022 TO 18/03/2022
Default Option
No
Option Currency
Euro
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
EUR 0.03825
Net Rate (Per Share)
EUR 0.03825
Pay Date
31/03/2022
Gross Rate Status
Actual Rate
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Taxation ConditionsThe Capital Distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to income tax.
Taxation ConditionsFor 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.

Security Option Details

Election Period
10/03/2022 TO 18/03/2022
New Security ISIN
SGXC37098255
New Security Name
CROMWELL EUROPEAN REIT
Security Not Found
No
Fractional Disposition Method
Round down fraction to last full unit
Issue/ Reinvestment Price
EUR 2.2409
Security Credit Date
31/03/2022

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities