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
23-Jul-2020 08:11:57
Status
New
Corporate Action Reference
SG200723DVCA3WCG
Submitted By (Co./ Ind. Name)
Shaldine Wang
Designation
CEO
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2020
Declared Dividend/ Distribution Rate (Per Share/ Unit)
GBP 0.0195
Dividend/ Distribution Period
06/02/2020 TO 30/06/2020
Number of Days
146

Event Narrative

Narrative Type
Narrative Text
Additional TextElite Commercial REIT has announced a distribution of GBP 1.95 pence per unit for the period from 6 February 2020 (listing date) to 30 June 2020.
Taxation ConditionsThe Distribution will be out of tax-exempt income and therefore exempt from Singapore income tax in the hands of all Unitholders.
Additional TextPlease refer to the attached.
Additional TextOversea-Chinese Banking Corporation Limited ("OCBC") and UBS AG, Singapore Branch ("UBS") are the joint issue managers for the Offering.
Additional TextOCBC, UBS, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the Offering (collectively, the "Joint Bookrunners").

Event Dates

Record Date and Time
03/08/2020 17:00:00
Ex Date
30/07/2020

Option 1-Cash Payment Details

Election Period
14/08/2020 TO 26/08/2020
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0195
Net Rate (Per Share)
GBP 0.0195
Pay Date
11/09/2020
Gross Rate Status
Actual Rate
Currency Pair
SGD/GBP

Option 2-Cash Payment Details

Election Period
14/08/2020 TO 26/08/2020
Default Option
No
Option Currency
United Kingdom Pound
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0195
Net Rate (Per Share)
GBP 0.0195
Pay Date
11/09/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

02/09/2020 18:25:51

Applicable for REITs/ Business Trusts/ Stapled Securities