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.
Notice of Record and Distribution Payment Date
The unitholders of CEREIT (“Unitholders”) will receive CEREIT’s distributable income of €8.494 cents per unit for the period from 1 July 2022 to 31 December 2022 (the “Distribution”).
The distribution comprises wholly of a tax-exempt income component (“Tax-exempt Income Distribution”). The Tax-exempt Income Distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source.
For the avoidance of doubt, the Distribution Reinvestment Plan will be suspended for the Distribution.
Event |
Date / Deadline |
|
Units will be traded ex-dividend |
Friday, 3 March 2023 at 9.00 a.m. |
|
Record Date |
Monday, 6 March 2023 at 5.00 p.m. |
|
Despatch of Currency Election Notice* |
On or about Friday, 10 March 2023 |
|
Completed Currency Election Notice must be received by CDP |
Monday, 20 March 2023 at 5.00 p.m. |
|
Payment of Distribution |
Friday, 31 March 2023 |
* Registered Unitholders (other than CDP) and Unitholders whose Units are held directly through CDP will receive their Distribution in Singapore dollars, unless Unitholders elect to receive their Distribution in Euro by submitting a completed Currency Election Notice to CDP by Monday, 20 March 2023. No action is needed for Unitholders who wish to receive the Distribution in Singapore dollars.
Distribution History
Period |
DPU |
DPU |
Payment Date |
|---|---|---|---|
|
1 July 2022 – 31 December 2022 |
8.494 |
12.253 |
31 March 2023 |
|
1 January 2022 – 30 June 2022 |
8.695 |
12.225 |
28 September 2022 |
|
1 July 2021 – 31 December 2021 |
8.459 |
12.614 |
31 March 2022 |
|
5 March 2021 - 30 June 2021* |
5.602 |
8.865 |
28 September 2021 |
|
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.
** 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.
