News
Notice Of Record And Distribution Payment Date - Tax-Exempt Income Distribution
BackFeb 26, 2024
| Announcement Title | Cash Dividend/ Distribution with Choice | ||||
| Date & Time of Broadcast | Feb 26, 2024 17:42 | ||||
| Status | Replace | ||||
| 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 0.06555 | ||||
| Dividend/ Distribution Period | 01/07/2023 TO 31/12/2023 | ||||
| Number of Days | 184 | ||||
| Event Narrative | |||||
| Narrative Type | Narrative Text | ||||
| Additional Text | There is no change to the total distribution amount indicated in the announcement released on 26 February 2024 under SGXNET (Reference No. SG240226DVCA7RAU). | ||||
| 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 | The distribution comprises of the following two components, and separate announcements will be released for each distribution 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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| Additional Text | This replacement announcement is released for Tax-exempt Income Distribution. | ||||
| 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. | ||||
| Taxation Conditions | The Tax-exempt Income Distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source. | ||||
| 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 0.06555 | ||||
| Net Rate (Per Share) | EUR 0.06555 | ||||
| Pay Date | 28/03/2024 | ||||
| Gross Rate Status | Indicative Rate | ||||
| Currency Pair | SGD/EUR | ||||
| Exchange Rate | 1.4535 | ||||
| Gross Rate in Option Currency | SGD 0.095277 | ||||
| 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 0.06555 | ||||
| Net Rate (Per Share) | EUR 0.06555 | ||||
| Pay Date | 28/03/2024 | ||||
| Gross Rate Status | Actual Rate | ||||
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 156,400 bytes)