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
27-Feb-2019 08:19:33
Status
New
Corporate Action Reference
SG190227CAPDD5T2
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Executive Director and Chief Executive Officer
Dividend/ Distribution Number
Not Applicable
Financial Year End
31/12/2018
Dividend/ Distribution Period
01/07/2018 TO 31/12/2018
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 1.57 cents (EUR) per unit in CEREIT for the period from 1 July 2018 to 31 December 2018, comprising a tax-exempt income component of 0.49 cents (EUR) per unit and a capital component of 1.08 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 21 March 2019. 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
07/03/2019 17:00:00
Ex Date
06/03/2019

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
EUR 0.0108
Net Rate (per share)
EUR 0.0108
Pay Date
29/03/2019
Gross Rate Status
Actual Rate

Attachments

Related Announcements

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25/03/2019 08:16:46

Applicable for REITs/ Business Trusts/ Stapled Securities