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-Feb-2020 08:40:51
Status
New
Corporate Action Reference
SG200225CAPDOHJF
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Not Applicable
Financial Year End
31/12/2019
Dividend/ Distribution Period
02/07/2019 TO 31/12/2019
Number of Days
183

Event Narrative

Narrative Type
Narrative Text
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 2.03 cents (EUR) per unit in CEREIT for the period from 2 July 2019 to 31 December 2019, comprising a tax-exempt income component of 1.269 cents (EUR) per unit and a capital component of 0.761 cents (EUR) per unit. Please see attached for details.
Additional TextUnitholders whose Units are held directly through CDP will receive their Distribution in SGD unless Unitholders elect to receive their Distribution in EUR by submitting a completed Distribution Election Notice to CDP by Thursday, 19 March 2020. No action is needed for Unitholders who wish to receive the Distribution in SGD.
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
04/03/2020 17:00:00
Ex Date
03/03/2020

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
EUR 0.00761
Net Rate (per share)
EUR 0.00761
Pay Date
30/03/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

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24/03/2020 08:13:58

Applicable for REITs/ Business Trusts/ Stapled Securities