- Narrative Type
- Narrative Text
|Additional Text||Cromwell 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 Text||Registered 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 Text||No action is needed for Unitholders who wish to receive the Distribution in SGD.|
|Taxation Conditions||The 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.|