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.
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
Narrative Type Narrative Text
Additional Text The exchange rate of EUR1 = S$1.61 is as of 23 February 2021 and is indicative.
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

Attachments

  1. Attachment 1 (Size: 223,717 bytes)