News
(I) Notice Of Record And Distribution Payment Date (II) Activation Of Distribution Reinvestment Plan
BackFeb 23, 2021
| Announcement Title | Scrip Election/ Distribution/ DRP | ||||
| Date & Time of Broadcast | Feb 23, 2021 8:51 | ||||
| Status | New | ||||
| Corporate Action Reference | SG210223DVOP2OTM | ||||
| Submitted By (Co./ Ind. Name) | Simon Garing | ||||
| Designation | Chief Executive Officer and Executive Director | ||||
| Dividend/ Distribution Number | Applicable | ||||
| Value | 6 | ||||
| Financial Year End | 31/12/2020 | ||||
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | EUR 0.01744 | ||||
| Dividend/ Distribution Period | 01/07/2020 TO 31/12/2020 | ||||
| Number of Days | 184 | ||||
| Event Narrative | |||||
| Narrative Type | Narrative Text | ||||
| Additional Text | Cromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 1.744 cents (EUR) per unit in CEREIT for the period from 1 July 2020 to 31 December 2020 (the "Distribution"). The Distribution comprises wholly of a tax-exempt income component of 1.744 cents (EUR) per unit. Please see attached 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 SGD, unless Unitholders elect to receive their Distribution in EUR by submitting a completed "Notice of Election" to CDP by Friday, 19 March 2021. | ||||
| Additional Text | No action is needed for Unitholders who wish to receive the Distribution in SGD. | ||||
| Taxation Conditions | The Tax-exempt Income Distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source. | ||||
| Additional Text | Cromwell EREIT Management Pte. Ltd., as manager of CEREIT, is pleased to announce the establishment of a Distribution Reinvestment Plan ("DRP"). Further details will be announced on the application of the DRP to the Distribution, including the issue price of new Units, in due course. | ||||
| Event Dates | |||||
| Record Date and Time | 04/03/2021 17:00:00 | ||||
| Ex Date | 03/03/2021 | ||||
| Option 1-Cash Payment Details | |||||
| Election Period | 11/03/2021 TO 19/03/2021 | ||||
| Default Option | Yes | ||||
| Option Currency | Singapore Dollar | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | EUR 0.01744 | ||||
| Net Rate (Per Share) | EUR 0.01744 | ||||
| Pay Date | 31/03/2021 | ||||
| Gross Rate Status | Indicative Rate | ||||
| Currency Pair | SGD/EUR | ||||
| Exchange Rate | 1.61 | ||||
| Gross Rate in Option Currency | SGD 0.028078 | ||||
| Note- Any information entered in narrative will not be used in processing | |||||
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| Option 2-Cash Payment Details | |||||
| Election Period | 11/03/2021 TO 19/03/2021 | ||||
| Default Option | No | ||||
| Option Currency | Euro | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | EUR 0.01744 | ||||
| Net Rate (Per Share) | EUR 0.01744 | ||||
| Pay Date | 31/03/2021 | ||||
| Gross Rate Status | Actual Rate | ||||
| Security Option Details | |||||
| Election Period | 11/03/2021 TO 19/03/2021 | ||||
| New Security ISIN | SG1EA8000000 | ||||
| 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: 223,717 bytes)