Distributions
Distributions Per unit (DPU)
Cromwell European Real Estate Investment Trust (“CEREIT”)’s distribution policy is to distribute at least 90% of its annual distributable income in each financial year.
Distributions are declared in EUR. Unitholders will receive their distributions in Singapore dollars equivalent of the EUR distribution declared, unless they elect to receive the relevant distribution in EUR by submitting a “Notice of Election” that will be send out to all Unitholders.
Distribution Reinvestment Plan
The Manager is pleased to announce the establishment of a distribution reinvestment plan (“DRP”). The DRP provides Unitholders with an opportunity to elect to receive their distributions in the form of fully-paid new units of CEREIT, instead of cash to which the DRP applies. The DRP applicable to the distribution for the period from 5 March 2021 to 30 June 2021 is at 2.0% discount to 10-day VWAP from 10 August 2021 (adjusted for the €5.602 Euro cents distribution). Notice of currency election and DRP to be dispatched to unitholders on or around 30 August 2021.
For the DRP statement, click here.
5 March to 30 June 2021 Distribution Timetable
|
Last Day of Trading on a "cum" Basis |
19 August 2021 (Thursday) |
|
Ex-distribution Date |
20 August 2021 (Friday) |
|
Record date |
23 August 2021 (Monday) |
|
Announcement of DRP Issue Price |
24 August 2021 (Tuesday) |
|
Distribution Payment date |
28 September 2021 (Tuesday) |
|
1H 2021 DPU |
€8.502 Euro cents |
|
Distribution already paid out (for the period from 1 January to 4 March 2021)* |
€2.900 Euro cents |
|
Distribution Amount per Unit (for period from 5 March to 30 June 2021) |
€5.602 Euro cents |
Distribution History
Period |
DPU |
DPU |
Payment Date |
|---|---|---|---|
|
1 January 2021 - 4 March 2021** |
2.900 |
4.605 |
31 March 2021 |
|
1 July 2020 - 31 December 2020 |
8.720 |
13.840 |
31 March 2021 |
|
1 January 2020 – 30 June 2020 |
8.700 |
13.950 |
28 September 2020 |
|
2 July 2019 - 31 December 2019 |
10.150 |
15.760 |
30 March 2020 |
|
1 January 2019 - 1 July 2019 |
10.250 |
15.623 |
31 July 2019 |
|
1 July 2018 - 31 December 2018 |
7.850 |
11.950 |
29 March 2019 |
|
30 November 2017 – 30 June 2018 |
12.650 |
20.196 |
28 September 2018 |
Notes:
* Distribution of €5.602 Euro cents per unit is computed based on 100% payout ratio for CEREIT’s distributable income for 1H 2021 (€8.502 Euro cents per unit), less the €2.900 Euro cents per unit advanced distribution already paid out for the period from 1 January to 4 March 2021. Distribution of €5.602 cents per unit is made up of 100% tax-exempt income
** Advanced distribution in relation to 24 February 2021 private placement
# Distributions for the periods prior to 5 March 2021 are adjusted for 5:1 unit consolidation to provide for a like-for-like comparison.
