Cash Dividend/ Distribution::Choice

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Security
CROMWELL EUROPEAN REIT - SG1EA8000000 - CNNU

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
27-Feb-2020 12:17:24
Status
New
Corporate Action Reference
SG200227DVCAZ86T
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Dividend/ Distribution Number
Applicable
Value
4
Financial Year End
31/12/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
EUR 0.01269
Dividend/ Distribution Period
02/07/2019 TO 31/12/2019
Number of Days
183

Event Narrative

Narrative Type
Narrative Text
Additional TextThe cash distribution announcement released on 25 February 2020 at 8.39 AM has been withdrawn and replaced with this announcement using the suitable announcement template as advised by SGX.
Additional TextCromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 2.03 cents (EUR) per unit in CEREIT for the period from 2 July 2019 to 31 December 2019, comprising a tax-exempt income component of 1.269 cents (EUR) per unit and a capital component of 0.761 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 Thursday, 19 March 2020. No action is needed for Unitholders who wish to receive the Distribution in SGD.
Taxation ConditionsThe Tax-exempt Income Distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source.

Event Dates

Record Date and Time
04/03/2020 17:00:00
Ex Date
03/03/2020

Option 1-Cash Payment Details

Election Period
10/03/2020 TO 19/03/2020
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.01269
Net Rate (Per Share)
EUR 0.01269
Pay Date
30/03/2020
Gross Rate Status
Indicative Rate
Currency Pair
SGD/EUR
Exchange Rate
1.52
Gross Rate in Option Currency
SGD 0.019289
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe exchange rate of EUR1 = S$1.52 is as of 25 February 2020 and is indicative.

Option 2-Cash Payment Details

Election Period
10/03/2020 TO 19/03/2020
Default Option
No
Option Currency
Euro
Payment Type
Tax Exempted
Gross Rate (Per Share)
EUR 0.01269
Net Rate (Per Share)
EUR 0.01269
Pay Date
30/03/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

24/03/2020 08:08:12

Applicable for REITs/ Business Trusts/ Stapled Securities