News
Replace - Notice Of Record And Distribution Payment Date - Capital Distribution
BackFeb 28, 2025
| Announcement Title | Cash Dividend/ Distribution with Choice | ||||
| Date & Time of Broadcast | Feb 28, 2025 18:08 | ||||
| Status | Replace | ||||
| Corporate Action Reference | SG250226DVCA43P0 | ||||
| Submitted By (Co./ Ind. Name) | Simon Garing | ||||
| Designation | Executive Director and Chief Executive Officer | ||||
| Dividend/ Distribution Number | Applicable | ||||
| Value | 14 | ||||
| Financial Year End | 31/12/2024 | ||||
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | EUR 0.01768 | ||||
| Dividend/ Distribution Period | 01/07/2024 TO 31/12/2024 | ||||
| Number of Days | 184 | ||||
| Event Narrative | |||||
| Narrative Type | Narrative Text | ||||
| Additional Text | The payment type for the Capital Distribution should read as "Tax Not Applicable". There is no change to the total distribution amount and any other information indicated in the announcement released on 26 February 2025 (Reference SG250226DVCA43P0). | ||||
| Additional Text | Stoneweg European Real Estate Investment Trust ("SERT") has announced a distributable income of EUR7.056 cents per unit for the period from 1 July 2024 to 31 December 2024 (the "Distribution"). Please see attached for details. | ||||
| Additional Text | The distribution comprises two components: I. Distribution out of tax-exempt income ("Tax-exempt Income Distribution") of EUR5.288 cents per Unit; and II. Distribution out of capital ("Capital Distribution") of EUR1.768 cents per Unit. |
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| Additional Text | This announcement is released for Capital 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 Wednesday, 19 March 2025. | ||||
| Additional Text | No action is needed for Unitholders who wish to receive the Distribution in Singapore dollars. | ||||
| 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 | 06/03/2025 | ||||
| Ex Date | 05/03/2025 | ||||
| Option 1-Cash Payment Details | |||||
| Election Period | 12/03/2025 TO 19/03/2025 | ||||
| Default Option | Yes | ||||
| Option Currency | Singapore Dollar | ||||
| Payment Type | Tax Not Applicable | ||||
| Gross Rate (Per Share) | EUR 0.01768 | ||||
| Net Rate (Per Share) | EUR 0.01768 | ||||
| Pay Date | 28/03/2025 | ||||
| Gross Rate Status | Indicative Rate | ||||
| Currency Pair | SGD/EUR | ||||
| Exchange Rate | 1.4019 | ||||
| Gross Rate in Option Currency | SGD 0.024786 | ||||
| Note- Any information entered in narrative will not be used in processing | |||||
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| Option 2-Cash Payment Details | |||||
| Election Period | 12/03/2025 TO 19/03/2025 | ||||
| Default Option | No | ||||
| Option Currency | Euro | ||||
| Payment Type | Tax Not Applicable | ||||
| Gross Rate (Per Share) | EUR 0.01768 | ||||
| Net Rate (Per Share) | EUR 0.01768 | ||||
| Pay Date | 28/03/2025 | ||||
| Gross Rate Status | Actual Rate | ||||
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 120,988 bytes)