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Update On The Financing Obligations Of The ECW Group And The 1H2023 Distribution

BackSep 27, 2023
Announcement Title Cash Dividend/ Distribution
Date & Time of Broadcast Sep 27, 2023 18:57
Status Replace
Corporate Action Reference SG230811DVCAIJDO
Submitted By (Co./ Ind. Name) Goh Toh Sim
Designation Executive Director & CEO
Dividend/ Distribution Number Not Applicable
Financial Year End 31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit) SGD 0.02053
Dividend/ Distribution Period 01/01/2023 TO 30/06/2023
Number of Days 181
Event Narrative
Narrative Type Narrative Text
Additional Text EC World REIT has announced a distribution of 2.053 cents (SGD) per unit for the period from 1 January 2023 to 30 June 2023 (the "Distribution").
Taxation Conditions The Distribution is a tax-exempt income distribution which is exempt from Singapore income tax in the hands of all Unitholders.
Additional Text This announcement serves to inform Unitholders that due to insufficient funds at this juncture, EC World REIT will not be able to make the Distribution to Unitholders on 28 September 2023 and that the payment of the Distribution will instead be deferred to a future date when EC World REIT has sufficient free cash for the Distribution.
Additional Text Please refer to attached.
Event Dates
Record Date and Time 14/09/2023 17:00:00
Ex Date 13/09/2023
Dividend Details
Payment Type Tax Exempted
Gross Rate (Per Share) SGD 0.02053
Net Rate (Per Share) SGD 0.02053
Pay Date 28/09/2023
Gross Rate Status Actual Rate

Applicable for REITs/ Business Trusts/ Stapled Securities

Attachments

  1. Attachment 1 (Size: 162,861 bytes)