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
13-Aug-2021 08:42:49
Status
New
Corporate Action Reference
SG210813DVOPBOMD
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Applicable
Value
7
Financial Year End
31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
EUR 0.05602
Dividend/ Distribution Period
05/03/2021 TO 30/06/2021
Number of Days
118

Event Narrative

Narrative Type
Narrative Text
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 5.602 cents (EUR) per unit for the period from 5 March 2021 to 30 June 2021 (the "Distribution"). The Distribution comprises wholly of a tax-exempt income component of 5.602 cents (EUR) per unit.

Please see attached for details.
Additional TextCromwell EREIT Management Pte. Ltd., as manager of CEREIT (the "Manager"), has determined that the Distribution Reinvestment Plan ("DRP") will apply to the Distribution.

Please see attached for details.
Additional TextThe Manager will announce further details on the application of the DRP to the Distribution, including the issue price of new Units, in due course.
Taxation ConditionsThe tax-exempt income distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source.

Event Dates

Record Date and Time
23/08/2021 17:00:00
Ex Date
20/08/2021

Option 1-Cash Payment Details

Election Period
30/08/2021 TO 10/09/2021
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.05602
Net Rate (Per Share)
EUR 0.05602
Pay Date
28/09/2021
Gross Rate Status
Indicative Rate
Currency Pair
SGD/EUR
Exchange Rate
1.59
Gross Rate in Option Currency
SGD 0.089072
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe exchange rate of EUR1 = S$1.59 is as of 13 August 2021 and is indicative.

Option 2-Cash Payment Details

Election Period
30/08/2021 TO 10/09/2021
Default Option
No
Option Currency
Euro
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.05602
Net Rate (Per Share)
EUR 0.05602
Pay Date
28/09/2021
Gross Rate Status
Actual Rate

Security Option Details

Election Period
23/08/2021 TO 10/09/2021
New Security ISIN
SGXC37098255
New Security Name
CROMWELL EUROPEAN REIT
Security Not Found
No

Attachments

CEREIT Record and Distribution Date_13Aug2021.pdf
Total size =61K

Related Announcements

Related Announcements

16/09/2021 17:32:37
30/08/2021 17:19:20
24/08/2021 20:21:57

Applicable for REITs/ Business Trusts/ Stapled Securities