News
Notice Of Record And Distribution Payment Date
BackFeb 26, 2024
| Announcement Title | Cash Dividend/ Distribution with Choice | ||||
| Date & Time of Broadcast | Feb 26, 2024 7:51 | ||||
| Status | New | ||||
| Corporate Action Reference | SG240226DVCA7RAU | ||||
| Submitted By (Co./ Ind. Name) | Simon Garing | ||||
| Designation | Executive Director and Chief Executive Officer | ||||
| Dividend/ Distribution Number | Applicable | ||||
| Value | 12 | ||||
| Financial Year End | 31/12/2023 | ||||
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | EUR 0.07903 | ||||
| Dividend/ Distribution Period | 01/07/2023 TO 31/12/2023 | ||||
| Number of Days | 184 | ||||
| Event Narrative | |||||
| Narrative Type | Narrative Text | ||||
| Additional Text | Cromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution income of EUR7.903 cents per unit for the period from 1 July 2023 to 31 December 2023 (the "Distribution"). Please see attached for details. | ||||
| 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 Currency Election Notice to CDP by Tuesday, 19 March 2024. | ||||
| Additional Text | No action is needed for Unitholders who wish to receive the Distribution in Singapore dollars. | ||||
| Additional Text | The distribution comprises two components: (i) Distribution out of tax-exempt income ("Tax-exempt Income Distribution") of EUR6.555 cents per Unit; and (ii) Distribution out of capital ("Capital Distribution") of EUR1.348 cents per Unit. |
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| Taxation Conditions | The Tax-exempt Income Distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source. | ||||
| 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. | ||||
| Event Dates | |||||
| Record Date | 05/03/2024 | ||||
| Ex Date | 04/03/2024 | ||||
| Option 1-Cash Payment Details | |||||
| Election Period | 11/03/2024 TO 19/03/2024 | ||||
| Default Option | Yes | ||||
| Option Currency | Singapore Dollar | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | EUR 0.07903 | ||||
| Net Rate (Per Share) | EUR 0.07903 | ||||
| Pay Date | 28/03/2024 | ||||
| Gross Rate Status | Indicative Rate | ||||
| Currency Pair | SGD/EUR | ||||
| Exchange Rate | 1.4535 | ||||
| Gross Rate in Option Currency | SGD 0.11487 | ||||
| Note- Any information entered in narrative will not be used in processing | |||||
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| Option 2-Cash Payment Details | |||||
| Election Period | 11/03/2024 TO 19/03/2024 | ||||
| Default Option | No | ||||
| Option Currency | Euro | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | EUR 0.07903 | ||||
| Net Rate (Per Share) | EUR 0.07903 | ||||
| Pay Date | 28/03/2024 | ||||
| Gross Rate Status | Actual Rate | ||||
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- CEREIT Record and Distribution Date 26 Feb 2024 (Size: 156,400 bytes)