News
(I) Notice Of Record And Distribution Payment Date (II) Application Of Distribution Reinvestment Plan To The Distribution - Capital Distribution
BackFeb 23, 2022
| Announcement Title | Scrip Election/ Distribution/ DRP | ||||||
| Date & Time of Broadcast | Feb 23, 2022 21:27 | ||||||
| Status | New | ||||||
| Corporate Action Reference | SG220223DVOP5H8T | ||||||
| Submitted By (Co./ Ind. Name) | Simon Garing | ||||||
| Designation | Chief Executive Officer and Executive Director | ||||||
| Dividend/ Distribution Number | Applicable | ||||||
| Value | 8 | ||||||
| Dividend/ Distribution Type | Final | ||||||
| Financial Year End | 31/12/2021 | ||||||
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | EUR 0.03825 | ||||||
| Dividend/ Distribution Period | 01/07/2021 TO 31/12/2021 | ||||||
| Number of Days | 184 | ||||||
| Event Narrative | |||||||
| Narrative Type | Narrative Text | ||||||
| Additional Text | CEREIT has announced a distribution of 8.459 cents (EUR) per unit in CEREIT for the period from 1 July 2021 to 31 Dec 2021. The Distribution comprises two components: i) Distribution out of tax-exempt income 4.634 cents (EUR) per Unit; and ii) Distribution out of capital of 3.825 cents (EUR) per Unit. Please refer to the attachment for details. |
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| Additional Text | 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 Notice of Election to CDP by Friday, 18 March 2022. | ||||||
| Additional Text | No action is needed for Unitholders who wish to receive the Distribution in Singapore dollars. | ||||||
| Taxation Conditions | The Capital Distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to income tax. | ||||||
| Taxation Conditions | For Unitholders who hold the Units as trading assets, the amount of capital gain distribution will be applied to reduce the cost base of their Units for the purpose of calculating the amount of taxable trading gains arising from the disposal of the Units. | ||||||
| Additional Text | The Distribution Reinvestment Plan will apply to this distribution. The issue price for the units to be issued will be announced on 3 March 2022. | ||||||
| Event Dates | |||||||
| Record Date and Time | 03/03/2022 17:00:00 | ||||||
| Ex Date | 02/03/2022 | ||||||
| Option 1-Cash Payment Details | |||||||
| Election Period | 10/03/2022 TO 18/03/2022 | ||||||
| Default Option | Yes | ||||||
| Option Currency | Singapore Dollar | ||||||
| Payment Type | Tax Not Applicable | ||||||
| Gross Rate (Per Share) | EUR 0.03825 | ||||||
| Net Rate (Per Share) | EUR 0.03825 | ||||||
| Pay Date | 31/03/2022 | ||||||
| Gross Rate Status | Indicative Rate | ||||||
| Currency Pair | SGD/EUR | ||||||
| Exchange Rate | 1.53 | ||||||
| Gross Rate in Option Currency | SGD 0.058523 | ||||||
| Note- Any information entered in narrative will not be used in processing | |||||||
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| Option 2-Cash Payment Details | |||||||
| Election Period | 10/03/2022 TO 18/03/2022 | ||||||
| Default Option | No | ||||||
| Option Currency | Euro | ||||||
| Payment Type | Tax Not Applicable | ||||||
| Gross Rate (Per Share) | EUR 0.03825 | ||||||
| Net Rate (Per Share) | EUR 0.03825 | ||||||
| Pay Date | 31/03/2022 | ||||||
| Gross Rate Status | Actual Rate | ||||||
| Note- Any information entered in narrative will not be used in processing | |||||||
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| Security Option Details | |||||||
| Election Period | 10/03/2022 TO 18/03/2022 | ||||||
| New Security ISIN | SGXC37098255 | ||||||
| New Security Name | CROMWELL EUROPEAN REIT | ||||||
| Security Not Found | No | ||||||
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 153,498 bytes)