Capital Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Security
CROMWELL EUROPEAN REIT S$ - SG1EA8000000 - CSFU

Announcement Details

Announcement Title
Capital Distribution
Date &Time of Broadcast
13-Aug-2018 08:09:12
Status
New
Corporate Action Reference
SG180813CAPDIUSW
Submitted By (Co./ Ind. Name)
Philip Levinson
Designation
Executive Director and Chief Executive Officer
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Period
30/11/2017 TO 30/06/2018
Number of Days
213

Event Narrative

Narrative Type
Narrative Text
Additional TextDistribution of of 2.53 cents (EUR) per Unit for the period from 30 November 2017 (being the date of listing of CEREIT) to 30 June 2018.

The Distribution comprises wholly of a capital component. Please refer to the attached.
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.
Narrative versionGoldman Sachs (Singapore) Pte. and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of CEREIT. DBS Bank Ltd., Goldman Sachs (Singapore) Pte., and UBS AG, Singapore Branch are the joint global coordinators for the initial public offering of CEREIT. DBS Bank Ltd., Goldman Sachs (Singapore) Pte., UBS AG, Singapore Branch, Daiwa Capital Markets Singapore Limited and CLSA Singapore Pte Ltd were the joint bookrunners and underwriters for the initial public offering of CEREIT.

Event Dates

Record Date and Time
21/08/2018 17:00:00
Ex Date
17/08/2018

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
EUR 0.0253
Net Rate (per share)
EUR 0.0253
Pay Date
28/09/2018
Gross Rate Status
Actual Rate

Attachments

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19/09/2018 17:13:47

Applicable for REITs/ Business Trusts/ Stapled Securities