REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Security
CROMWELL EUROPEAN REIT - SG1EA8000000 - CNNU

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
24-Mar-2020 08:08:12
Status
Replacement
Corporate Action Reference
SG200227DVCAZ86T
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Applicable
Value
4
Financial Year End
31/12/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
EUR 0.01269
Dividend/ Distribution Period
02/07/2019 TO 31/12/2019
Number of Days
183

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the replacement announcement on the Notice of Record and Distribution Payment Date on 27 February 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 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.
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
04/03/2020 17:00:00
Ex Date
03/03/2020

Option 1-Cash Payment Details

Election Period
10/03/2020 TO 19/03/2020
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.01269
Net Rate (Per Share)
EUR 0.01269
Pay Date
30/03/2020
Gross Rate Status
Actual Rate
Currency Pair
SGD/EUR
Exchange Rate
1.553
Gross Rate in Option Currency
SGD 0.019708
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe actual exchange rate of EUR1 = S$1.5530 is as of 23 March 2020.

Option 2-Cash Payment Details

Election Period
10/03/2020 TO 19/03/2020
Default Option
No
Option Currency
Euro
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.01269
Net Rate (Per Share)
EUR 0.01269
Pay Date
30/03/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

27/02/2020 12:17:24

Applicable for REITs/ Business Trusts/ Stapled Securities