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
(EURO cents)#

DPU
(Singapore Dollar cents)#

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.