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
14-Aug-2020 21:58:56
Status
New
Corporate Action Reference
SG200814CAPD5PG4
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Applicable
Value
5
Financial Year End
31/12/2020
Dividend/ Distribution Period
01/01/2020 TO 30/06/2020
Number of Days
182

Event Narrative

Narrative Type
Narrative Text
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 1.74 cents (EUR) per unit in CEREIT for the period from 1 January 2020 to 30 June 2020 (the "Distribution"). The Distribution will comprise wholly of a capital component of 1.74 cents (EUR) per unit.

Please see attached for details.
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 Distribution Election Notice to CDP (as indicated on the Distribution Election Notice) by Monday, 14 September 2020.
Additional TextNo 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
24/08/2020 17:00:00
Ex Date
21/08/2020

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
EUR 0.0174
Net Rate (per share)
EUR 0.0174
Pay Date
28/09/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

21/09/2020 17:45:10

Applicable for REITs/ Business Trusts/ Stapled Securities