REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

Issuer/ Manager
ELITE COMMERCIAL REIT MANAGEMENT PTE. LTD.
Security
ELITE COMMERCIAL REIT - SGXC59097235 - MXNU

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
05-Apr-2021 18:05:42
Status
Replacement
Corporate Action Reference
SG210226DVCA8932
Submitted By (Co./ Ind. Name)
Shaldine Wang
Designation
CEO
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
GBP 0.009
Dividend/ Distribution Period
01/01/2021 TO 08/03/2021
Number of Days
67

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement on Notice of Record and Advance Distribution Payment Date on 26 February 2021, a Notice to Unitholders on the exchange rate for the computation of the advance distribution is attached. Please refer to the attached.
Taxation ConditionsElite Commercial REIT has announced the Advanced Distribution of GBP 0.90 pence per unit for the period from 1 January 2021 to the date immediately prior to the date on which the Consideration Units are issued.
Additional TextThe Advanced Distribution will be out of tax-exempt income and therefore exempt from Singapore income tax in the hands of all Unitholders.
Additional TextOversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers").
Additional TextOversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").

Event Dates

Record Date and Time
08/03/2021 17:00:00
Ex Date
05/03/2021

Option 1-Cash Payment Details

Election Period
19/03/2021 TO 30/03/2021
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.009
Net Rate (Per Share)
GBP 0.009
Pay Date
15/04/2021
Gross Rate Status
Actual Rate
Currency Pair
SGD/GBP
Exchange Rate
1.86
Gross Rate in Option Currency
SGD 0.01674
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe exchange rate is GBP1= SGD1.8600 as of 5 April 2021.

Option 2-Cash Payment Details

Election Period
19/03/2021 TO 30/03/2021
Default Option
No
Option Currency
United Kingdom Pound
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.009
Net Rate (Per Share)
GBP 0.009
Pay Date
15/04/2021
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

26/02/2021 19:12:58

Applicable for REITs/ Business Trusts/ Stapled Securities