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Notice To Unitholders On Exchange Rate For Computation Of Distribution In Singapore Dollars - Tax-Exempt Income Distribution

BackMar 22, 2024
Announcement Title Cash Dividend/ Distribution
Date & Time of Broadcast Mar 22, 2024 18:08
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 Please refer to the attached announcement titled "NOTICE TO UNITHOLDERS ON EXCHANGE RATE FOR COMPUTATION OF DISTRIBUTION IN SINGAPORE DOLLARS".
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.
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 Actual Rate
Currency Pair SGD/EUR
Exchange Rate 1.46065
Gross Rate in Option Currency SGD 0.095746
Note- Any information entered in narrative will not be used in processing
Narrative Type Narrative Text
Additional Text The exchange rate of EUR1 = SGD1.46065 is as of 21 March 2024.
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

Attachments

  1. Attachment 1 (Size: 155,231 bytes)

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