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

Issuer & Securities

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

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
11-Mar-2021 07:52:22
Status
Replacement
Corporate Action Reference
SG210223DVOP2OTM
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Applicable
Value
6
Financial Year End
31/12/2020
Declared Dividend/ Distribution Rate (Per Share/ Unit)
EUR 0.01744
Dividend/ Distribution Period
01/07/2020 TO 31/12/2020
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextFurther to the announcements on 23 & 24 Feb 2021 in relation to the Cumulative Distribution, Cromwell EREIT Management Pte Ltd, as Manager of CEREIT, announces that the Cumulative Distribution for the period from 1 Jul 2020 to 4 Mar 2021 has been confirmed at 2.324 cents (EUR) per unit and will be paid on Wed, 31 Mar 2021.

Please see attached.
Additional TextIn addition, the Notices of Election pursuant to the DRP for the Cumulative Distribution have been despatched today to all Unitholders of CEREIT whose securities accounts with The Central Depository (Pte) Limited (CDP) are credited with Units as at 5.00 p.m. on Thursday, 4 March 2021 (the "Record Date").

Please see attached.
Additional TextRegistered Unitholders (other than CDP) and Unitholders 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 "Notice of Election" to CDP by Friday, 19 March 2021.
Additional TextNo action is needed for Unitholders who wish to receive the Distribution in SGD.
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
04/03/2021 17:00:00
Ex Date
03/03/2021

Option 1-Cash Payment Details

Election Period
11/03/2021 TO 19/03/2021
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.01744
Net Rate (Per Share)
EUR 0.01744
Pay Date
31/03/2021
Gross Rate Status
Indicative Rate
Currency Pair
SGD/EUR
Exchange Rate
1.61
Gross Rate in Option Currency
SGD 0.028078
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe exchange rate of EUR1 = S$1.61 is as of 23 February 2021 and is indicative.

Option 2-Cash Payment Details

Election Period
11/03/2021 TO 19/03/2021
Default Option
No
Option Currency
Euro
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.01744
Net Rate (Per Share)
EUR 0.01744
Pay Date
31/03/2021
Gross Rate Status
Actual Rate

Security Option Details

Election Period
11/03/2021 TO 19/03/2021
New Security ISIN
SG1EA8000000
New Security Name
CROMWELL EUROPEAN REIT
Security Not Found
No
Fractional Disposition Method
Round down fraction to last full unit
Issue/ Reinvestment Price
EUR 0.4356
Security Credit Date
31/03/2021

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities