News
Notice Of Cumulative Distribution Record And Distribution Payment Date
BackFeb 24, 2021
| Announcement Title | Scrip Election/ Distribution/ DRP | ||||
| Date & Time of Broadcast | Feb 24, 2021 11:53 | ||||
| Status | New | ||||
| Corporate Action Reference | SG210224DVOP0NPX | ||||
| Submitted By (Co./ Ind. Name) | Simon Garing | ||||
| Designation | Chief Executive Officer and Executive Director | ||||
| Dividend/ Distribution Number | Applicable | ||||
| Value | 7 | ||||
| Financial Year End | 31/12/2021 | ||||
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | EUR 0.0058 | ||||
| Dividend/ Distribution Period | 01/01/2021 TO 04/03/2021 | ||||
| Number of Days | 63 | ||||
| Event Narrative | |||||
| Narrative Type | Narrative Text | ||||
| Additional Text | Cromwell European Real Estate Investment Trust ("CEREIT") has announced an estimated advanced distribution of 0.58 cents (EUR) per unit in CEREIT for the period from 1 January 2021 to 4 March 2021 (the "Advanced Distribution"). | ||||
| Additional Text | The Advanced Distribution will comprise wholly of a tax-exempt income component of 0.58 cents (EUR) per unit. Please see attached for details. |
||||
| Additional Text | Together with the regular distribution of the distributable income for the period from 1 July 2020 to 31 December 2020, the "Cumulative Distribution" comprises: | ||||
| Additional Text | i) a distribution of 1.744 cents (EUR) per unit for the period from 1 July 2020 to 31 December 2020 ("2H FY20 Distribution") (announced on 23 February 2021) and (ii) the estimated advanced distribution of 0.58 cents (EUR) per unit for the period from 1 January 2021 to 4 March 2021 ("Advanced Distribution"). | ||||
| Additional Text | Cromwell EREIT Management Pte. Ltd., as manager of CEREIT, is pleased to announce that the Distribution Reinvestment Plan ("DRP") is applicable to the Cumulative Distribution. | ||||
| Additional Text | Unitholders who wish to participate in the DRP or receive their Cumulative Distribution in EUR will have to complete the Notice of Election and send it to the Manager c/o The Central Depository (Pte) Limited at the address(es) indicated on the Notices of Election, such that it is received by 5.00 p.m. on Friday, 19 March 2021. | ||||
| Additional Text | No action is needed for Unitholders who wish to receive the Distribution in SGD. | ||||
| Taxation Conditions | The 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 | 04/03/2021 17:00:00 | ||||
| Ex Date | 03/03/2021 | ||||
| Option 1-Cash Payment Details | |||||
| Election Period | 11/03/2021 TO 19/03/2021 | ||||
| Default Option | Yes | ||||
| Option Currency | Singapore Dollar | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | EUR 0.0058 | ||||
| Net Rate (Per Share) | EUR 0.0058 | ||||
| Pay Date | 31/03/2021 | ||||
| Gross Rate Status | Indicative Rate | ||||
| Currency Pair | SGD/EUR | ||||
| Exchange Rate | 1.6 | ||||
| Gross Rate in Option Currency | SGD 0.00928 | ||||
| Note- Any information entered in narrative will not be used in processing | |||||
|
|||||
| Option 2-Cash Payment Details | |||||
| Election Period | 11/03/2021 TO 19/03/2021 | ||||
| Default Option | No | ||||
| Option Currency | Euro | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | EUR 0.0058 | ||||
| Net Rate (Per Share) | EUR 0.0058 | ||||
| Pay Date | 31/03/2021 | ||||
| Gross Rate Status | Actual Rate | ||||
| Security Option Details | |||||
| Election Period | 11/03/2021 TO 19/03/2021 | ||||
| New Security ISIN | SG1EA8000000 | ||||
| New Security Name | CROMWELL EUROPEAN REIT | ||||
| Security Not Found | No | ||||
Applicable for REITs/ Business Trusts/ Stapled Securities |
|||||
Attachments
- Attachment 1 (Size: 344,872 bytes)